IMF predicted the world economy will strengthen in 2020 but at a slower pace than anticipated amid threats related to trade & tensions in the Middle East.
The US Fed last month cut interest rates for a third time this year, citing a combination of trade-policy uncertainty, slowing global growth & below-target inflation.
The IMF estimates that the US-China trade war has shaved 0.8 percentage points off global growth, while the response from central banks has only added back half a percentage point.
Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.
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