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CLEAN : IMF trims global growth estimates 2020-21 but sees improving outlook (2)
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Business, Economics, Social Studies
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9th - 12th Grade
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Hard
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The video discusses the updated World Economic Outlook, projecting a modest recovery in global growth from 2.9% in 2019 to 3.4% in 2021. It highlights the potential positive impact of the US-China phase one trade deal on global GDP, reducing the negative effects of trade tensions. The economic forecast has shifted from a 'synchronized slowdown' to 'tentative stabilization' and 'sluggish recovery'.
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