U.S. Economic News

January 21, 2020

U.S. News

The Wall Street Journal reports that global foreign direct investment fell for a fourth straight year in 2019 to its lowest level in nearly a decade, signaling a slowdown in globalization amid a cooling world economy. Multinational companies have avoided expanding global operations due to regulatory uncertainty, trade tensions, and growing geopolitical risk aversion. WSJ

According to the Washington Post, the IMF’s latest World Economic Outlook report anticipates global growth recovering to 3.3% this year from 2.9% in 2019, largely due to easing U.S.-China trade tensions and monetary stimulus from major central banks. Growth is expected to pick up in emerging European and Latin American markets, while uncertainty remains high for advanced economies dealing with ultra-low interest rates, high wealth inequality, and record levels of corporate debt. WaPo