The Economist Intelligence Unit expects global growth to stand at only 2.9% in 2020, close to decade lows. Tensions between the US and Iran, coupled with the emergence of a novel coronavirus in China, will limit any pick-up in business confidence and investment. Meanwhile, the social unrest seen across the world in 2019 looks set to continue this year, challenging both policymakers and business models.
This growth outlook is supported by the continued ultra-loose monetary policy among the world's major central banks and the recent trade truce between the US and China. However, both look fragile, as the ultra-loose monetary policy may fuel a new debt crisis, and the tensions between the US and China for economic dominance look set to continue.
Please join Agathe Demarais, Global Forecasting Director, and John Ferguson, Director of Country Analysis, on Thursday, February 27th at 10 am Eastern Time (3 pm UK Time) for a discussion of the top five economic and political risks in 2020.