2020: WEAK MOMENTUM, MORE CHALLENGES AS LEASING REMAINS RESILIENT
The Global Economy
According to the World Bank, Global Gross Domestic Product (GDP) growth fell to 2.6% in 2019 – 0.3 percentage point below previous projections – its lowest rate since the financial crisis, reflecting the broad-based weakness observed during the first half of the year, including a further deceleration in investment amid rising trade tension. As recent softness abates, global growth is projected to edge up to 2.7 (some experts projecting 3.4 percent) in 2020.