Washington, October 15: The IMF on Tuesday cut its outlook for US growth in 2019, but the world's largest economy remains a bright spot on the global stage.

With trade tensions weighing on growth, the International Monetary Fund's World Economic Outlook forecast US growth this year of 2.4 percent -- still above trend, but two-tenths below the July forecast.

In 2020, US GDP is expected to expand by 2.1 percent. IMF Cuts 2019 Global Growth Estimate to 3%, Lowest Since Crisis.

"For the United States, trade-related uncertainty has had negative effects on investment, but employment and consumption continue to be robust, buoyed also by policy stimulus," IMF chief economist Gita Gopinath said.

(The above story first appeared on LatestLY on Oct 15, 2019 06:54 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).