The Global Economy ‘Face the Music’ of a Synchronized Slowdown

As per reports by Gita Gopinath, from the IMF, a study was conducted on the global economy, and the results do not bear good news. The economy shows a downgraded forecast for the fourth time; and as per the forecast, the GDP of the global economy will showcase a 70% slowdown in 2019. Since 2011, this will fall as a uniquely synchronized slowdown. The major reasons catering to this slowdown is the US-China trade tension, weak German auto centre, economic turmoil in Turkey and Argentina and high US fiscal stimulus, due to an ageing population and lower rates of productivity.

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