Abhatoo - Centre Nationale de Documentation

After a long spell of slow growth in the wake of the global financial crisis, the global economy was gaining speed over 2016-2018, but this recovery is now in some danger. The likelihood of imminent recession is low but growth will be slow over 2019-2020, and growth next year presents many uncertainties. Growth is supported by the consumer for the time being, but business has become very nervous and something will have to give. There are significant and specific risks in the large economies, but the biggest risk, intensification of trade disputes, is global in nature. The less-than-rosy outlook will certainly impact Africa, counseling caution.