Global Recession Unlikely in 2019, IHS Markit Says

The global economy will continue to expand at a modest rate in 2019, according to a new analysis.

“A ‘perfect storm’ shook markets in late 2018,” said Nariman Behravesh, chief economist, IHS Markit. “Slowing global growth, the gradual removal of monetary accommodation, the China-U.S. trade conflict and U.S. government shutdown all contributed to the recent rout. However, it’s important to note that the stock market is not a reliable predictor of recessions, and the probability of a recession in 2019 remains low.”

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Source: Coatings World