What Countries are Causing the Global Economic Slowdown?

The slowdown in Chinese growth has become the latest looming cloud over the global economy. The advice from Beijing was not to worry. China is slowing down but it’s not going to be a disaster. “China has been able to avoid financial crisis in the last 40 years. We have a very top down approach to financial risk management.”
Official data suggested that Germany avoided a recession at the end of 2018 but confirmed a sharp slowdown in growth last year as Europe’s largest economy cooled off from boom times. Economic growth sank to 1.5 percent in 2018 from 2.2 percent in the previous two years, federal statistics authority.
In emerging and developing Asia, the growth forecast will dip from 6.5 per cent in 2018 to 6.3 per cent in 2019 and 6.4 per cent in 2020. Despite fiscal stimulus that offsets some of the impact of higher US tariffs, China’s economy will slow due to the combined influence of needed financial regulatory tightening and trade tensions with the United States.
A no-deal Brexit could trigger a further slowdown in global growth, the International Monetary Fund (IMF) has warned. The IMF fund noted the possibility of “a disruptive no-deal Brexit with negative cross-border spillovers” had risen in recent months, while increased euro-scepticism might impact European parliamentary election outcomes in May.
Canada’s wholesale sales dropped 1% in November, the biggest one-month decline for the sector since March 2016. Factory sales were down 1.4%, the largest drop since January. Both sectors also recorded declines in volumes. The data confirm Canada’s expansion has likely entered what economists believe is a temporary slowdown that is expected to last through the first few months of this year.
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Jay Black

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What Countries are Causing the Global Economic Slowdown?

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