The Americas and Asia Pacific are most affected by concerns about the US-China trade war while Africa is least affected, the IMF said in a new index aimed at quantifying trade uncertainty.
The IMF survey of nearly one million companies from 27 advanced and emerging market economies since the early 2000s shows that firms' average price markup -- the ratio of a company's product price to its production cost -- has increased moderately.
This is the third time in the last six months that the IMF has cut its global outlook forecast. it has also projected a decline in growth for 70 per cent of the world economy this year.
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