Economics
World Economy Risks Returning to Sync, This Time to the Downside
- U.S. growth tipped to cool, China is already slowing down
- Lengthening worry list stretches from trade to rising rates
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The world’s major economies that entered 2018 accelerating in sync risk entering 2019 decelerating in sync.
The shift is being led by China, where the economy’s weakest performance since 2009 is set to worsen unless a peace can be struck in the trade war with the U.S. Factory readings from Asia already show a fallout, with Taiwan, Thailand and Malaysia slipping into contraction territory.