ASSESSMENTS
For the Global Economy, a Sluggish 2020 Awaits
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Jan 28, 2020 | 17:36 GMT
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Environmentalists stage a protest against a World Economic Forum briefing meeting in Brussels on Jan. 27, 2020. Environmental changes and more could hamper global economic growth in 2020.
(DURSUN AYDEMIR/Anadolu Agency via Getty Images)
Highlights
- Global economic growth forecasts vary by a few tenths of a percentage point, but all show an anemic world economy with growth continuing this year — and probably in 2021 — at a level below its 40-year average.
- Unpredictable economic policymaking and geopolitics sap business and investor confidence, further inhibiting global financing that is needed for growth.
- While a global recession is unlikely, underlying financial and economic vulnerabilities are increasing, while a combination of shifting risk sentiment, unmet expectations or global confrontations could trigger a further slowdown.
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