Is the World Economy Sliding Into First Recession Since 2009? [Yahoo! Finance News]
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Source: Yahoo! Finance News
Is the World Economy Sliding Into First Recession Since 2009? ) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes. The global economy is wobbling and whether it topples over is the big question in financial markets, executive suites and the corridors of power. Investors cheered Friday as the U.S. struck a partial trade agreement with China and there were even signs the U.K. may strike a divorce deal with the European Union. But the debate over how close the world is to its first recession since 2009 may soon start swirling again. There will certainly be discussions this week at the International Monetary Fund’s annual meeting in Washington. Economics’ global GDP tracker shows the pace of expansion has slowed to 2.2% in the third quarter, down from 4.7% at the start of 2018. The IMF’s new boss, Kristalina Georgieva, sees a “serious risk” the slowdown will spread, and on Tuesday it’s likely to cut its 2019 glo
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