Mexican Media Brands
Global Economic Growth at 10-Year Low
The world’s economy is expanding at its slowest pace since the Great Recession a decade ago, the International Monetary Fund says.
#economics
Share
The world’s economy is expanding at its slowest pace since the Great Recession a decade ago, the International Monetary Fund says.
The fund predicts global growth this year of 3%, down from 3.2% estimated in July. Growth among mature economies is expected to shrink from 2.3% in 2018 to 1.7% this year.
IMF describes the global outlook as “precarious” and warns that an overall growth of 3% leaves “no room for policy mistakes.” The fund says the need to de-escalate trade and geopolitical tensions is urgent and will require action from national leaders.
Central banks, the fund says, have limited ability to offset the impact of trade wars or a “hard” Brexit, which it refers to a “policy mistakes.”
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.