Global growth likely at 3.3% in 2020 – Standard Chartered
Analysts at Standard Chartered Bank are forecasting global growth at 3.3% in 2020, slightly higher than their 3.1% estimate for 2019.
Key Quotes
“Structural drags in the 2020s include debt overhang, demographics and deglobalisation.”
“Cyclical positives – lagged impact of global ‘dovish wave’ in 2019, fiscal support, likely improvement in electronics cycle, and likelihood of US-China trade deal in 2020 – should counter structural drags.”
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