Markets.News
A recent report indicates that the global economy is experiencing a slowdown with a projected growth rate of 3.2%, down from the previous forecast of 3.6%. This dip is attributed to various factors including trade tensions, geopolitical uncertainties, and subdued investment. The manufacturing sector is particularly affected, with growth expected to drop to 2.7% globally. Emerging markets are also feeling the impact, with growth in these economies projected at 4.1%, a significant decrease from earlier estimates. The report highlights the need for policymakers to implement measures to boost economic activity and restore confidence in the markets. It is imperative for countries to address these challenges collectively to prevent further decline in global growth.