Prospects for Global Potential Growth: The Next Decade

PGIM
By January 20, 2020 17:17

Prospects for Global Potential Growth: The Next Decade

The pace of global growth has slowed significantly during the past two years. After peaking at over 4% in 2017, it has softened to just above 3% at present, well below its two-decade average of nearly 3.7%.1 A number of factors have weighed on performance recently, including uncertainties associated with the trade war, a sustained slowdown in the Chinese economy, and softness in the global tech and auto sectors. In contrast, resilient consumer spending and ongoing labor market strength have supported economic activity in many countries.

PGIM
By January 20, 2020 17:17

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