the United Nations has warned that the
world economy could be hit by recession
in 2020 after growing by what many
experts predict will be the slowest rate
this year since the global financial
crisis the recession if it comes is
likely to hit both advanced and
developing economies our hunger with the
details the United Nations conference on
Trade and Development projects global
economic growth this year to come in at
2.3 percent this would be the lowest
since 2009 when due to the global
financial crisis world economic growth
fell to minus 1.7 percent not only are
developed economies such as the US and
the EU seeing sluggish growth but so is
China the country long called the
factory of the world China is doing all
he can to keep its economic growth at
six percent but it's hindered by its
protracted trade war with the US China
saw a growth of six point four percent
in the first quarter of this year but
that went down to 6.2 percent in the
second quarter the US meanwhile has seen
experts fall this year by 1.7 percent
the growth had since since 2017 the UN
says is fading and the investment boom
is weakening in the EU the troubles are
in Germany and the UK Germany second
quarter GDP growth decreased by 0.1
percent on here and there is a
possibility of a yet another decrease in
the third quarter which would
technically mean a recession
the UK faces the possibility of an Odile
brexit meanwhile one of the countries
hit hardest by the us-china trade war is
South Korea which depends highly on
exports and especially intermediate
goods shipped to China Fitch Ratings one
of the world's main credit rating
agencies says that trade war plus trade
uncertainties with Japan could knock his
economic growth down by half a
percentage point humu Arirang news
