The International Monetary Fund has said, trade conflicts between the United States and its trading partners are an increasing threat to global economic growth. In its latest world outlook, the IMF said growth is becoming more uneven and risks are mounting.

It said the rate of expansion appears to have peaked in some major economies. The IMF also warned that an escalation of trade tensions could undermine the stability of financial markets. It calls on emerging economies to strengthen financial resilience to prepare for more volatility in markets.