Mexican Media Brands
IMF: Global Economy Faces “Synchronized” Drop
The world’s economy is in a “synchronized slowdown,” says Kristalina Georgieva, new head of the International Monetary Fund.
#economics
Share
The world’s economy is in a “synchronized slowdown,” says Kristalina Georgieva, new head of the International Monetary Fund.
She notes that two years ago expansion was accelerating for 75% of the global economy. Now the pace is slowing for 90% of the world economy. As a result, IMF predicts overall expansion this year will be the weakest in a decade.
Trade tensions are a major contributor. IMF estimates that the global loss caused by current trade sanctions could reach $700 billion by 2020, or nearly 1% of the world’s gross domestic product.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.