The International Monetary Fund (IMF) projects that, in 2019, global economic growth will be 3%, the lowest in the last decade.

This number is a consequence of the slowdown in the growth of the world’s main economies, seen in the second half of 2018, combined with a small increase in the first six months of this year, also reflecting the consequences of the trade war between China and the United States.

According to the World Economic Outlook , published by the IMF in October 2019, these forecasts are still a direct effect of weak growth and even recession in economies under pressure.

As for the markets in 2019, a sharp and geographically broad slowdown could be seen in the industrial sector, as well as in international trade due to factors such as higher customs tariffs and uncertainty about the trade policies of the largest economies, which ended up harming investments.

The Fund’s forecast for 2020 is that global growth will improve reasonably, to 3.4%, but this increase is precarious. Advanced economies are expected to slow to around 1.7% and emerging and developing market economies are expected to accelerate to 4.6%. This progress is justified by the recovery of some positive indicators in markets such as Turkey, Argentina and Iran, as well as the growth of countries such as Brazil, Mexico, India, Russia and Saudi Arabia.