# IMF cuts world economic growth forecasts on tariff war, emerging market strains

> The IMF cut its global growth forecasts, citing the US-China tariff war, weaker growth in the eurozone, Britain and Japan, and rising interest rates that are driving capital outflows from emerging markets such as Argentina, Brazil, Turkey, South Africa and Indonesia.

- Date: 2018-10-09 · published 2018-10-09T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7668-imf-cuts-world-economic-growth-forecasts-on-tariff-war-emerging-market-strains
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Slower global growth and tariff disruption reduce demand for meat and feed, and capital outflows weaken EM currencies that are important feed importers, which pressures grain and meal prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDARS: bearish ▼
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-07-22 | [China cuts lending rates to boost economic growth following weaker Q2 GDP data](https://feedsoft.ai/events/7518-china-cuts-lending-rates-to-boost-economic-growth-following-weaker-q2-gdp-data.md) | -1.8% | -14.4% |
| SOY | 2020-03-19 | [Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch](https://feedsoft.ai/events/7018-why-the-u-s-dollar-s-relentless-rally-is-causing-pain-for-emerging-markets.md) | +6.8% | +1.4% |
| SOY | 2023-01-17 | [China's 2022 economic growth one of the worst on record, post-pandemic policy faces test \| Reuters](https://feedsoft.ai/events/37986-china-s-2022-economic-growth-one-of-the-worst-on-record-post-pandemic-policy.md) | -3.1% | +0.3% |
| SOY | 2020-03-01 | [Grains, like economy, trend lower on coronavirus concerns - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12541-grains-like-economy-trend-lower-on-coronavirus-concerns-agweek-1-source-for.md) | -0.0% | -0.2% |
| SOY | 2020-03-19 | [Cash is king as emergency stimulus fails to stop market panic](https://feedsoft.ai/events/6272-cash-is-king-as-emergency-stimulus-fails-to-stop-market-panic.md) | +6.8% | +1.4% |
| CORN | 2020-03-19 | [Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch](https://feedsoft.ai/events/7018-why-the-u-s-dollar-s-relentless-rally-is-causing-pain-for-emerging-markets.md) | +1.1% | -1.8% |
| CORN | 2023-01-17 | [China's 2022 economic growth one of the worst on record, post-pandemic policy faces test \| Reuters](https://feedsoft.ai/events/37986-china-s-2022-economic-growth-one-of-the-worst-on-record-post-pandemic-policy.md) | -1.8% | +0.1% |
| CORN | 2020-03-01 | [Grains, like economy, trend lower on coronavirus concerns - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12541-grains-like-economy-trend-lower-on-coronavirus-concerns-agweek-1-source-for.md) | +1.7% | -3.5% |

## Sources

- reuters.com: https://www.reuters.com/article/world/imf-cuts-world-economic-growth-forecasts-on-tariff-war-emerging-market-strains-idUSKCN1MJ072/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.