The daily business briefing: January 22, 2019

The IMF lowers its forecast for world economic growth, the TSA says airport security absences hit record as shutdown continues, and more

A TSA worker
(Image credit: Scott Olson/Getty Images)

1. IMF lowers 2019 global economic growth forecast

The International Monetary Fund on Monday cut its growth forecast for 2019 to 3.5 percent from 3.7 percent, citing rising trade tensions and interest rates. "After two years of solid expansion, the world economy is growing more slowly than expected and risks are rising," said IMF Managing Director Christine Lagarde at the World Economic Forum in Davos, Switzerland. China's slowing economic growth is another concern: On the same day, China, the world's second-biggest economy, reported that its growth had slowed to the slowest pace in 28 years. The IMF left its forecast of U.S. growth in 2019 unchanged at 2.5 percent, despite concern about the ongoing partial federal government shutdown.

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