The International Monetary Fund (IMF) has warned that escalating trade tensions could undermine global economic growth.

In a new report on the world economic outlook, the IMF also warns of risks from a no-deal Brexit- as the World Economic Forum begins.

For the world economy, the IMF is now predicting growth of 3.5% in 2019 after forecasting 3.7% in October.

Last week IMF managing director Christine Lagarde told Financial Director she was “moderately negative” about prospects for the world economy.


Tech giant Google has become the first to be fined under the EU’s new privacy rules, after it was hit with a €50m penalty for failing to be transparent about how it uses data and not having a legal basis for personalising ads.