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.
Just another sign that the US is heading towards a Recession in 2019. In the US, Home Sales FELL dramatically by 6.4% in December 2018.
Watch Home Sales plunge further, when the next FED Interest Hike is announced later in 2019.
Video is courtesy of the CNBC Television YouTube channel
Click on this link to visit the AP News website to read their article titled “US home sales plummeted 6.4 percent in December“.
The OECD composite leading indicator has a near perfect record of giving advance warning of Recession lurking just around the corner.
Please click on this link to view chart of the OECD composite leading indicator https://data.oecd.org/chart/5rwx
Since 1970, when the OECD composite leading indicator had dropped below the 99.43 level a Recession followed in 1970, 1974, 1980, 1981, 1990, 2001 and 2008.
Another thing you will note that there is almost a cyclical component to Recessions. It was 10 years between 1970 and 1980. It was 11 years between 1980 and 1991. Another 11 years between 1991 and 2001. Then 7 years between 2001 and 2008. Add 11 years to 2008 and your get 2019. Surprise!!!!
Click on this link to view John Kemp’s charts related to his article: https://tmsnrt.rs/2HfQKH5
Click on this link to visit the Thomson Reuters Foundation News website to read John Kemp’s article titled: “Global economy is headed for recession: Kemp“.
In the United States and Germany, the tentative signs of easing growth momentum, that were flagged in December’s assessment, have been confirmed with easing growth momentum remaining the assessment for Canada, the United Kingdom and the euro area as a whole, including France and Italy.