The International Monetary Fund has cut its world economic growth forecast for 2019. The IMF projected a 3.5 percent growth rate worldwide for 2019. that is 0.2 percent lower than their prior projection made in Oct. 2018.
Video is courtesy of the Global News YouTube channel
Germany has the largest economy in Europe, is slowing down and just missed officially being in a Recession in 2018.
The Chinese Economy is slowing down and it had the slowest growth rate in 2018 of the last 28 years.
The US is the world’s largest economy. When the US FED raises Interest Rates again in 2019, guess what will happen to the slowing US Economy?
Signs of the coming 2019 Recession are popping up everywhere.
In Guangzhou, China’ major Export hub and 4th largest city the economy grew 6.5%. The forecast had been for 7.5% growth.
Click on this link to visit the South China Morning Post website to read their article titled: “China set to report slowest economic growth for 28 years“.
Click on this line to visit the China Economic Review website to read their article titled: “Guangzhou misses growth forecast as trade war bites“.
IMHO the slowdown in China’s economy is not related to the supposed Trade War with the USA. I believe that it is related to the wordwide slowdown of the major economies. For example Germany just missed being “officially’ in a Recession.
Video is courtesy of the Fox News TV YouTube Channel
2019 has only just started, but already the signs are showing up that Global Economies are headed towards Recession in 2019.