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Blog / 10 Jan 2020

(Video) Rajya Sabha TV (RSTV) In Depth: World Economy in 2020

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(Video) Rajya Sabha TV (RSTV) In Depth: World Economy in 2020

Topic: World Economy in 2020

Topic Description:

The world economy is heading into troubled waters... with recession now a clear and present danger in 2020.

Warning lights have been flashing for a while now... due to trade tensions, currency movements, corporate debt, and a no-deal Brexit... but policy makers seem largely unprepared for the storm ahead.

Global growth in 2019 was the slowest since the financial crisis of 2008-09... with the world’s GDP rising roughly by just 2.2%. This year is expected to be a little better with the global economy growing by 2.4% in 2020.
Rich economies are expected to continue to experience lacklustre growth rate, just like in 2019. And the world will continue to see a slowdown in manufacturing that will also drag down growth worldwide.

The only good news seems to be that Asia’s GDP will overtake the GDP of the rest of the world combined in 2020.

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Courtesy: RSTV