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International Business Times
International Business Times
Business

IMF Slashes China Growth Forecasts As Trade War Deepens

China and the United States -- the world's two largest economies -- are engaged in a mounting tit-for-tat trade row that has sparked global recession fears and rattled markets (Credit: AFP)

The IMF said Tuesday it now believed China's economy will only grow by four percent this year, well below Beijing's official target as it fights a mounting trade war with the United States that threatens to hammer the global economy.

China and the United States -- the world's two largest economies -- are engaged in a mounting tit-for-tat trade row that has sparked global recession fears and rattled markets.

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