BY TREVOR WILLIAMS
Global economic activity is slowing down. After peaking in 2017
at a post-crisis high of about 3.8% at an annual rate (measured in
purchasing power, so adjusted to take account of in;ation di;er-ences between countries), the pace of growth in 2019 looks like it
will ease back to 3.5%. Such an outcome will equal the post-recession low seen in 2012 and may also be sending a signal of the
start of a cyclical downturn that could extend into 2020.
Could 2019 herald the
next global recession?