The global economy is more likely to suffer a deeper slowdown than a synchronized recovery despite rate cuts by multiple central banks, according to economists polled by Reuters in recent weeks. Key points The consensus for global economic growth in 2020 has been cut to 3.1%, the lowest since polling began, from 3.3% in the previous poll in July and lower than the International Monetary Fund’s latest downgraded forecast of 3.4%. The ECB’s latest round of easing is not expected to significantly help in bringing tepid inflation in the Eurozone back to target. The risk of recession in the Eurozone over the next two years has increased. More central banks around the world, led by the Fed and the ECB, are cutting rates. Fiscal stimulus is imminent, too, but yield curves still seem to be signaling a recession, HSBC’s global chief economist Janet Henry wrote in a note to clients. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD technical analysis: Doji on D1, oversold RSI conditions favor pullback FX Street 3 years The global economy is more likely to suffer a deeper slowdown than a synchronized recovery despite rate cuts by multiple central banks, according to economists polled by Reuters in recent weeks. Key points The consensus for global economic growth in 2020 has been cut to 3.1%, the lowest since polling began, from 3.3% in the previous poll in July and lower than the International Monetary Fund's latest downgraded forecast of 3.4%. The ECB's latest round of easing is not expected to significantly help in bringing tepid inflation in the Eurozone back to target. The risk of recession in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
