The global economy is expected to grow by 3.2 per cent in 2019, the International Monetary Fund (IMF) said Tuesday. The revised forecast is 0.1 per cent lower than April and 0.3 per cent lower than the beginning of 2019. (CNBC)

Talking point: The lower forecast is partly due to the fallout from the continued U.S.-China trade war, which has contributed to a decline in global trade volume growth to around 0.5 per cent in the first quarter of 2019, the slowest pace since 2012. The conflict has also contributed to “technology tensions,” as the IMF put it, speaking to the U.S.’ ban on Huawei and increased scrutiny on other Chinese companies operating in the U.S. Trade talks are at a standstill over Huawei, with Beijing demanding restrictions on the telecom be lifted and Washington officials unable to reach consensus on how to do so. The IMF also cited result of the uncertainty surrounding Brexit. A deadline of October 31 has been set; incoming U.K. prime minister Boris Johnson has threatened to leave the European Union with or without a deal by that date.