B1 Intermediate US 213 Folder Collection
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Now 2019 was a tough year for the global economy, but the outlook for 2020 is shaping up to show steady growth - nothing out of the ordinary though.
That said, uncertainty continues to swirl around several trade issues that could potentially throw a spanner in the works.
Hong Yi reports.
The worst of the storms have passed, and now global economic growth is expected to rebound.
The International Monetary Fund forecasts the global economy to grow by 3.4 percent in 2020, and the World Bank expects 2.7 percent growth.
The World Bank says this is due to a number of emerging market in developing economies, seeing a modest recovery as manufacturing sector improves, and global trade stabilizes.
Despite the rosy outlook, the global economy still faces uncertainties.
Economists point to the U.S. - China trade dispute as a top risk factor.
The world's two economic superpowers have reached a phase one trade deal that will be signed in Washington On January 15th.
But it isn't a done deal, and it may fall apart at any time as it has in past months.
Structural issues such as intellectual property protection, technology transfer, were allowing easier access to run a business in China, also all still need working out.
After signing a phase one trade deal, U.S. president Trump says he will visit Beijing to start a phase two trade deal.
A deal that if successful, could boost investment and improve financial conditions.
Another risk factor is a UK's exit from the European Union at the end of January.
After brexit, the UK and EU will have to negotiate a free trade agreement that needs to be signed before the end of this year.
Failure to reach an agreement could lead to another brace a cliff edge at the end of the year, impeding new investment and growth.
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Global economic outlook for 2020

213 Folder Collection
Shinichiro published on January 7, 2020
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