IMF, CEOs sound warnings as leaders gather in Davos

International Monetary Fund (IMF) Managing Director Christine Lagarde. [Photo: Reuters]

DAVOS, Switzerland - The International Monetary Fund trimmed its global growth forecasts on Monday and a survey showed increasing pessimism among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering of the rich and powerful.

The gloomy IMF forecasts, released on the eve of the World Economic Forum in Davos, Switzerland, highlighted the challenges facing policymakers as they tackle an array of actual or potential crises, from the US-China trade war to Brexit.