Charting the Economy: World Limps on After 2019’s Trade Bruising
- A year of trade and manufacturing trouble, and central banks
- American consumers stand tall as businesses slash investment
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The global economy is stumbling into 2020 after a battering from trade tensions and a manufacturing recession that dragged growth to the weakest in a decade.
Most major economies underperformed this year versus forecasts, perhaps no surprise given the uncertainty from the U.S.-China trade war that weighed on investment, as well as a drag from the huge slump in the German car industry.