Global growth likely at 3.3% in 2020 – Standard Chartered

Sandeep Kanihama FXStreet Contributor

Analysts at Standard Chartered Bank are forecasting global growth at 3.3% in 2020, slightly higher than their 3.1% estimate for 2019.

Key Quotes

“Structural drags in the 2020s include debt overhang, demographics and deglobalisation.”

“Cyclical positives – lagged impact of global ‘dovish wave’ in 2019, fiscal support, likely improvement in electronics cycle, and likelihood of US-China trade deal in 2020 – should counter structural drags.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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