Five reasons to be optimistic about the global economy
Over the last 18 months there’s been a lot of concern about the slowdown in the global economy, particularly with regards to Europe, China and the US. Trade tensions persist, interest rates across key markets are at rock bottom and government debt levels are high. And last month, the IMF downgraded it growth forecast for 2019 to 3 per cent, the slowest pace since the 2008-09 financial crisis – from which many economies are yet to completely recover. That downgrade rattled markets some investors. However, it’s not all bad news and I believe we can be somewhat positive about the world’s economic future over the year ahead. There are five signs that the economic cycle may be starting to trend upwards again in the year ahead.