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The US labor market entered 2020 on a stronger than expected note, adding jobs for a record 112th month.
How countries around the world are fighting to keep growth afloat as the coronavirus threatens the economy
The coronavirus could chip away as much as 0.3% from global GDP, which would bring annual growth to its slowest pace since the financial crisis.
A key gauge of US factory activity rebounded more than expected in January, climbing out of contraction territory for the first time since July.
That brought full-year GDP growth to 2.3%, falling short of the 3% target that President Donald Trump has long pledged to meet.
Trade figures have been volatile since the US slapped tariffs on thousands of imports last year, drawing in-kind responses from China and others.
The bank's economists missed the mark with their forecasts around inflation, interest rates, and money supply.
Strong consumer activity this summer partially offset the effects of an ongoing trade dispute between the two largest economies.
The results cast further doubt on the prospect that Trump would fulfill his longstanding pledge to bring US growth to or above 3% this year.
China’s growth slumped to a record low last quarter — and it could drop even lower next year, the IMF warns
"We have trade tensions, we have other geopolitical forces, we have all these uncertainties around the world."
Trade tensions could push the world economy to grow at its slowest pace since the financial crisis a decade ago, the IMF warned Tuesday.