Global growth in 2019 slowed to its lowest since the global financial crisis.
Rising trade tensions related to tariffs, especially between the United States and China, and general policy uncertainty were two key contributors to the growth slowdown.
Further, growth was also dragged down due to growth slowdowns in large emerging markets such as Brazil, India, Russia, and Mexico. Global GDP growth stood at 3 percent (0.6 percent lower than 2018), while trade volume growth decreased to 1.1 percent versus 3.6 percent in 2018.
Global growth in 2019 slowed to its lowest since the global financial crisis.
Rising trade tensions related to tariffs, especially between the United States and China, and general policy uncertainty were two key contributors to the growth slowdown.
Further, growth was also dragged down due to growth slowdowns in large emerging markets such as Brazil, India, Russia, and Mexico. Global GDP growth stood at 3 percent (0.6 percent lower than 2018), while trade volume growth decreased to 1.1 percent versus 3.6 percent in 2018.
Source: moneycontrol.com