According to analysts at Wells Fargo, the next few months will be key to the global growth outlook, with the 31 Brexit deadline and multiple possible US tariff increases to Chinese goods. Key Quotes: “The global economy remains under pressure, with 2019 real GDP growth looking increasingly like it will be the slowest since 2009. The weakness continues to be concentrated in the manufacturing sector as the escalation in the trade dispute between the United States and China works its way through global supply chains. The Eurozone manufacturing PMI is near lows not seen since the depths of the 2011-2012 European sovereign debt crisis, while industrial production growth in China is at its lowest point in nearly 20 years. While the service sector in most large economies continues to expand, it too has begun to feel the pain recently.” “The fiscal policy response in developed economies has been minimal, leaving central banks to do the heavy lifting. The European Central Bank (ECB) cut rates in September and restarted its quantitative easing program, while several emerging market central banks like the Bank of Mexico and the Reserve Bank of India continued to cut rates in an effort to spur faster economic growth.” “The next few months will be key to the outlook, with an October 31 Brexit deadline and multiple possible U.S. tariff increases looming between now and the end of the year. Against that backdrop, we expect most central banks to remain in easing mode to support their economies. Brexit and trade uncertainty appear likely to remain major issues in 2020, however, and as a result we think global economic growth will likely remain relatively slow through at least the first half of next year.” 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 Forex News Today: Daily Trading News share Read Next GBP/USD technical analysis: Cable keeps pressuring the 1.2200 support after the FOMC Minutes FX Street 3 years According to analysts at Wells Fargo, the next few months will be key to the global growth outlook, with the 31 Brexit deadline and multiple possible US tariff increases to Chinese goods. Key Quotes: "The global economy remains under pressure, with 2019 real GDP growth looking increasingly like it will be the slowest since 2009. The weakness continues to be concentrated in the manufacturing sector as the escalation in the trade dispute between the United States and China works its way through global supply chains. The Eurozone manufacturing PMI is near lows not seen since the depths of… 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.