United Nations Report Finds Prospects for Economic Growth in 2020 Hinge on Reducing Trade Disputes, Uncertainty
(WorldNews Environment)

One in Five Countries Will See Per Capita Incomes Stagnate or Decline This Year Impacted by prolonged trade disputes, the global economy suffered its lowest growth in a decade, slipping to 2.3 per cent in 2019. The world, however, could see a slight uptick in economic activity in 2020 if risks are kept at bay, according to the United Nations World Economic Situation and Prospects 2020 report, released today in New York. The report notes that growth of 2.5 per cent in 2020 is possible, but a flareup of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery. In a downside scenario, global growth would slow to just 1.8 per cent in 2020. A prolonged...