No global recession in 2020, but growth still stuck at sluggish

No global recession in 2020, but growth still stuck at sluggish

Wednesday, January 15, 2020

LAST year the global economy expanded at close to three per cent, the slowest rate since the financial crisis 10 years ago. The slowdown progressed steadily throughout last year and was foreshadowed by our Global Economic Conditions Survey, which showed global confidence faltering with each successive quarter.

In its recent World Economic Outlook report, the International Monetary Fund (IMF) summed up the situation under the title ‘Synchronised Slowdown, Precarious Outlook’.

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