Dutch central bank's Knot: Expect IMF to cut world growth estimate

FILE PHOTO: ECB board member Klaas Knot appears at a Dutch parliamentary hearing in The Hague, Netherlands September 23, 2019 REUTERS/Eva Plevier/File Photo

AMSTERDAM (Reuters) - Dutch central bank chief Klaas Knot said he expects the International Monetary Fund to trim its global economic growth forecasts later on Tuesday.

Speaking to journalists in Amsterdam, Knot said he expects the global lender to trim its outlook due to uncertainties resulting from Brexit and U.S.-China trade tensions.

“Because of all these uncertainties, the growth outlook is less rosy than a year ago,” Knot said.

“The ECB is presuming a global growth rate of around 3%percent this year and I expect that the IMF, which will publish its outlook later today, will also include a lower growth projection of similar magnitude.”

The IMF is due to release new global growth forecasts at 1300 GMT. They are expected to illustrate its recent warnings of a “synchronized slowdown” as the negative effects of the U.S.-China tariff war pile up.

Reporting by Toby Sterling; Writing by Anthony Deutsch; Editing by Catherine Evans