International Monetary Fund Christine Lagarde world economic forum
International Monetary Fund Managing Director Christine Lagarde (Image: AP Photo/Markus Schreiber)

GLOBAL WARNING

The International Monetary Fund has warned the global economy is weakening at a “faster than expected” rate on the back of collapsing US-China and UK-Europe trade deals.

The ABC and The Australian ($) report that the IMF has also highlighted an economic slowdown in China, which reported its slowest annual GDP growth in almost 30 yearsFurther, The Sydney Morning Herald reports that Trade Minister Simon Birmingham will tell a London audience overnight that he wants to sign agreements with the UK and Europe “as rapidly as possible” amidst Brexit trade breakdowns, and will later in the week speak in Switzerland over the future of the World Trade Organisation.