Experts Forecast World Economy to Grow by 2.5% in 2020

Experts of the World Bank forecast a slight uptick in the world economic growth by .01%  at least this year  compared with the last year.

The whole rate of growth throughout the current year will hit 2.5 %.

The world economy will grow by 2.6% next year.

It is expected to grow by a higher rate in 2022  due to the gradual recovery of investment and trade across the world.

However, the experts warn that the world economy may be relapsed for unknown factors according to the statistics published on the official website of the World Bank.

https://foreignpolicy.com/2019/12/31/global-economy-2020-outlook-positive-china-debt-trade-growth/

Prices of crude oil are expected to decrease significantly this year and the next one.

The average price of the barrel would be circa  $59 as the US product will continue to grow in the course of the standing year because of launching a new pipeline in various parts of the United States.

On the other hand, analysts at Bloomberg pointed out that the future threats to the European economy related to Germany’s manufacture of vehicles in 2019 which was reduced to the lowest level in 25 years.

The World Bank considered Germany as the center of the slump in the convertible industries in Europe owing to the slowness of the industrial product.

https://see.news/world-bank-indonesias-forest-fires-cost-economy-5-2-bln/

But those growth expectations are premised, in both cases, on a couple of potentially tenuous foundations: a rebound in emerging markets, such as Argentina and Turkey, that have been hammered in recent years, and a halt to further nasty surprises like trade wars, imploding markets, debt time bombs, and the like. Economists expect the wild cards for 2020 to point in one direction: downward.

Downside risks seem to dominate the outlook,” noted the IMF in its latest big report on the global economy’s prospects.

Whether it’s still-simmering trade tensions, the ongoing Brexit saga, China’s economic transformation, worries about a sharp market correction, central banks with few bullets left to fire, historically massive piles of debt, or the usual geopolitical risks that could upend the best of projections, here is a look at some things to keep an eye on that could make or break the global economy next year.