FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo
The global economy is heading to a slowdown in growth while economists project recovery in the coming years will be "precarious".

The global economy is heading to a slowdown in growth while economists project recovery in the coming years will be "precarious".


The buzzword among economic pundits on the 19th Street, where the World Bank and the IMF are headquartered, is "a delicate moment" for the global economy.

An escalating trade tension between the US and China; economic distress in emerging markets; and, risks associated with Brexist shadow the economic outlook for the year 2020, which is expected to drop by three percentage points from 3.6pc last year, according to Gita Gapinath (PhD), IMF's cheif economist.


The IMF has released its latest global economic outlook report today in Washington DC. The buzzword among economic pundits on the 19th Street, where the World Bank and the IMF are headquartered, is "a delicate moment" for the global economy. Gopinath in particular warned of a potential spillover effect on the countries in the sub-saharan region of the trade tension between the two largest economies in the world.


Economists see African economies on the receiving end of a weakening global trade which will distress commodities market due to a drop in demand particularly from China.


PUBLISHED ON Apr 09,2019 [ VOL 20 , NO 989]

[ratemypost]


Related Posts

[ssba-buttons]

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.

Editors' Pick

Exclusive Interviews

State Enterprises from Oracles to Apprentices

Dec 22 , 2024 . By TIZITA SHEWAFERAW

Charged with transforming colossal state-owned enterprises into modern and competitiv...

Agenda

Rising Costs, Inflation Threaten Insurance Industry

Aug 18 , 2024 . By AKSAH ITALO

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...

Agenda

BREWING DISCONTENT

Jul 28 , 2024 . By TIZITA SHEWAFERAW

Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...

Fortune News

Electric Vehicle Push Leaves Investors in the Lurch

Jul 13 , 2024 . By AKSAH ITALO

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...

Commentaries

Preparing for Trade-Based Financial Risks Beyond CBE's Record Numbers

Few financial institutions on the African continent have expanded their market presen...

For Small Firms, the World Has Already Arrived

A small business does not need to cross a border to face international competition. I...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Ethiopia Needs a Peace Premium the IMF Cannot Supply

Jul 11 , 2026

At a market stall, reform arrives without a communique. It comes as a higher transpor...

The New Gold Standard Comes with a Warning Label

Jul 4 , 2026

In the goldfields of the Benishangul-Gumuz Regional State, Ethiopia's balance-of-paym...

The Rent Law Protects No One Well. Time to Rewrite It.

Jun 27 , 2026

The federal legislative house rushed through one of the country's most contentious ho...

The Budget Bill Asks the Most from Citizens with the Least Slack

When Parliament takes up the appropriation bill, federal legislators will receive a d...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

A Body Trapped in Tomorrow

A medical doctor friend recently shared an area of research that had captured her attention. "Our bodies can't always tell the difference...

The Quiet Breakdown of Tax Fairness in Addis Abeba

Tax is the lifeblood of any modern state. It funds roads, schools, hospitals, security and the services p...

Life Matters

Borrowing From Tomorrow to Survive Today

The other day, I was having coffee with a friend, let's call her Maya: when she confessed something that...

Children Always Know More Than Parents Think

There is a familiar and exhausting mathematics to raising more than one child. It is the daily calculatio...