The International Monetary Fund has said it expects a global economic slowdown to come sooner than expected. 

Speaking a the World Economic Forum in Davos in Switzerland this morning, Deputy Managing Director of the IMF David Lipton also said that when the downturn comes, most countries will not be as well equipped to deal with it as they were a decade ago.

Mr Lipton said the IMF sees future risks from trade tensions and financial conditions tightening.

He also said the impact from the US government shutdown so far has been small, but added the longer the shutdown lasts, the bigger the impact.