by Chris Becker
Following on from the dreadful German industrial production print overnight, there’s more signs that the global growth machine is sputtering. The World Bank is out with it’s latest growth forecasts, and have slashed away, with advanced economies to drop to 2%:
Global growth is expected to slow to 2.9 percent in 2019. International trade and investment are moderating, trade tensions remain elevated, and financing conditions are tightening. Amid recent episodes of financial stress, growth in emerging market and developing economies has lost momentum and is projected to stall at 4.2 percent this year, with a weaker-than-expected rebound in commodity exporters accompanied by deceleration in commodity importers.