Euromonitor International has released its global economy forecast for the first quarter of 2020. The report revisits GDP figures from the last quarter of 2019, forecast inflation rates and provide a general outlook for countries in advanced and emerging economies, including the US, UK, Germany, Japan, Brazil, Russia, India and China, and also focuses on the quarterly macro changes for 8 key markets and what that means for the future of the global economy.
Using Euromonitor International’s macro-economic model, the world’s real GDP growth baseline forecast is at 3% for 2020. Emerging economies are forecasted at 4.2% real GDP growth, compared with only 1.4% growth for advanced economies. Although emerging economies have a positive and steady growth outlook, one of the key players China will be experiencing a decline due to the recent outbreak of coronavirus. There is also a significant risk of a more persistent outbreak, spilling over into a downturn in consumer spending, business investment and production.
Download the full report here: https://bit.ly/2QtnBKs