Key Factors in the Global Scenario in 2020

Summary

In the past week, the International Monetary Fund's autumn economic forecast has been published with a downward revision of growth on a global level.

Key points

• Key points:
• Most economic news in recent months has not been good, uncertainty factors are persisting and macroeconomic data has generally been more negative than expected, which all points to a somewhat faster-than-expected slowdown.
• BBVA Research forecasts indicate a slowdown in the three main global economies (US, China and the eurozone) to growth rates of 1.8%, 5.6% and 0.8% respectively in 2020.
• The global economy could grow by around 3.1% next year, which is below the rates seen in recent years. Risks remain skewed downward.

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