The International Monetary Fund (IMF) has cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilise a slowing global economy.

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China’s imports tumbled in August, raising concerns about the health of the world’s second-largest economy and its contribution to global growth.

China’s export sales contracted 15% in March, a shock outcome that deepens concern about sputtering Chinese economic growth.