The outlook for the global economy keeps getting bleaker, said the chief economist at the International Monetary, Gita Gopinath.
“As the year is progressing, it’s getting harder to find those bright spots. There was the potential of recovery, and we’re still expecting that for many parts of the world … but I’ve got to admit it’s getting harder to see that.”
Gopinath’s comments come as economic growth overseas has slowed down. In Germany, the manufacturing sector is contracting. Meanwhile, China’s economy grew at its slowest pace in 27 years in the previous quarter.