Global Growth

The IMF is predicting global growth of just 3.3% in 2020, but that’s up from 2.9% in 2019, the slowest growth since the Great Recession. The improvement is due to aggressive global monetary easing, the US-China trade truce, diminished fears of a no-deal Brexit and an uptick in global trade growth from 1% in 2019 to 2.9%. Despite these positives, US growth is expected to slow to 2% from 2.3%.