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 hongyi 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 stabbed wises despite the rosy outlook the global economy still faces
uncertainties economists point to the us-china trade dispute as a top risk
factor the world's two economic superpowers have reached a face1 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 face one trade deal u.s. president Trump says he will visit Beijing to
start a face-to trade deal a deal that if successful could boost investment and
improve financial conditions another risk factor as 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 bryce a cliff edge
at the end of the year impeding new investment and growth Hulu Arirang news