Mexican Media Brands
Global Economic Growth at 10-Year Low
The world’s economy is expanding at its slowest pace since the Great Recession a decade ago, the International Monetary Fund says.
#economics
Share
The world’s economy is expanding at its slowest pace since the Great Recession a decade ago, the International Monetary Fund says.
The fund predicts global growth this year of 3%, down from 3.2% estimated in July. Growth among mature economies is expected to shrink from 2.3% in 2018 to 1.7% this year.
IMF describes the global outlook as “precarious” and warns that an overall growth of 3% leaves “no room for policy mistakes.” The fund says the need to de-escalate trade and geopolitical tensions is urgent and will require action from national leaders.
Central banks, the fund says, have limited ability to offset the impact of trade wars or a “hard” Brexit, which it refers to a “policy mistakes.”
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.