The external sector looks vulnerable with the macroeconomic environment remaining unsettled, financial markets experiencing considerable flux and uncertainty surrounding crude oil prices. The IMF expects global growth to slow down to 3.2% in 2019, from 3.6% in the previous year. Central banks are also gearing up to become increasingly accommodative. “This has stoked apprehensions that the global economy may be weakening more than what the headline numbers suggest," according to the report.