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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

IMF Downgrades Future Global Growth

02/05/2019

The International Monetary Fund predicts 3.5 percent global growth rate in 2019 and 3.6 percent in 2020. These projections are downgraded from a previous 3.7 percent forecast for both years. The International Monetary Fund forecast U.S. growth at 2.5 percent in 2019 and 1.8 percent in 2020, down from a previous 3.0 percent growth projection made in 2018.

Current world problems include Brexit in the U.K., unrest in France, an unbalanced budget in Italy, high global debt levels and political polarization.

China is expected to post a 6.2 percent growth rate for 2019 and 2020, lower than for 2018.

The centrally planned economy in China faces a quandary with a perfect storm of decreased domestic spending and an ongoing trade war with the U.S., their largest export market. China also faces lower exports to the E.U. and to some extent has been excluded from trade by the advent of the Comprehensive, Progressive Trans-Pacific Partnership and the E.U.-Japan Trade Agreement.


 
Copyright 2019 Simon M. Shane