IMF chief Kristalina Georgieva says global growth this year is expected to fall to its lowest rate since the start of the decade. Photo: AP

US-China trade war may cost US$700 billion by 2020 in synchronised global slowdown, new IMF chief says

  • Global growth rate this year is expected to slow to lowest rate in a decade, new IMF head Kristalina Georgieva says
  • Global corporate debt at risk of default in event of global downturn would be higher than during global financial crisis, the economist warns
Topic |   US-China trade war

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IMF chief Kristalina Georgieva says global growth this year is expected to fall to its lowest rate since the start of the decade. Photo: AP
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.