The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 

StraightTalk®Global Economic Outlook 2020: Stagnating Growth and Stalling Globalization: What's Ahead?


October 2019 | StraightTalk®

The global economy took a big hit in 2019, and recession fears are widespread. We argue that the risk of a larger downturn—while not absent—will be contained, and the global economy will likely return to its slow, long-term growth trend of 2.7 percent sooner rather than later. The downturn in the industrial cycle will most likely ease and eventually bottom out. Consumers around the world will benefit from rising wages and low inflation rates while businesses continue to leverage innovation and digital transformation to grow top-line revenue and reduce costs to avoid a major squeeze on profits.


AUTHOR

BartVanArk1.jpg

Bart van Ark

Senior Advisor
The Conference Board


Support Our Work

Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.

Donate

GLOBAL ECONOMIC OUTLOOK CONTENT

Our Experts

Ataman.jpg

Ataman Ozyildirim

Senior Director, Economics and Global Research Chair

IlariaMaselli.jpg

Ilaria Maselli

Senior Economist

YuanGao.jpg

Yuan Gao

Senior Economist, China Center for Economics and Business

ErickLundh.jpg

Erik Lundh

Senior Economist

Itani, Hiba 120x1201.jpg

Hiba Itani

Senior Economist

DanaPeterson.jpg

Dana Peterson

Executive Vice President & Chief Economist

OTHER RELATED CONTENT