The IMF revised its projection for global growth in 2019 from 3.8% in January to 2.7% in July, adding that there is a 25% chance that growth may fall to less than 2%.
According to the IMF's World Economic Outlook released on Tuesday, the risk of policy mistake has increased significantly since GDP is still shaky and markets are displaying symptoms of stress.
According to the report, over one-third of the world's economies run the risk of declining in 2019 while the US, EU, and China all remain stagnant.
Globally, the effects of the Federal Reserve's tightening monetary policy will be felt, with inflation
Debt pressures being exacerbated by the dollar's strength relative to other currencies in emerging and developing countries.
The performance of the next year would be the worst since 2009, following the global financial crisis.