Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.
Growth is projected to pick up to 3.4 percent in 2020 (a 0.2 percentage point downward revision compared with April), reflecting primarily a projected improvement in economic performance in a number of emerging markets in Latin America, the Middle East, and emerging and developing Europe that are under macroeconomic strain.
Yet, with uncertainty about prospects for several of these countries, a projected slowdown in China and the United States, and prominent downside risks, a much more subdued pace of global activity could well materialize. To forestall such an outcome, policies should decisively aim at defusing trade tensions, reinvigorating multilateral cooperation, and providing timely support to economic activity where needed. To strengthen resilience, policymakers should address financial vulnerabilities that pose risks to growth in the medium term. Making growth more inclusive, which is essential for securing better economic prospects for all, should remain an overarching goal.
Australian growth is downgraded to 1.7%
Bearing in mind our dependency on iron ore, they say: Iron ore prices increased 6.7 percent between February 2019 and August 2019. Widespread disruptions—including the Vale dam collapse in Brazil and tropical cyclone Veronica in Australia— coupled with record-high steel output in China pushed iron ore prices to five-year highs during the first half of 2019. However, the normalization of previously disrupted operations and escalating trade tensions between the United States and China triggered a sharp correction in August, partially offsetting the gains since the beginning of the year.
Calling Taiwan a Province of China is simply inviting a centrally planned, failing, communist dictatorship, to big note itself on the world stage.
Taiwan is separate and is an economic powerhouse, utilising modern technology and best practices to earn its individuals, freedom of choice.
Communist China, has made economic headway through, deception, slave wages for workers and the coercive power of machine guns, torture, and detainment.
Why confuse the two with this ‘province of China’ BS?
Who are you kowtowing to?
Be truthful and have a little backbone!