East African states can buck growing trend of an economic slowdown across the globe
A number of factors account for the gloomy global outlook. Among these are trade tensions between the US and its major trading partners, China and the EU. SHUTTERSTOCK
In her maiden speech titled Decelerating Growth Calls for Accelerating Action, presented on October 8, 2019, IMF managing director Kristalina Georgieva, said that with slower growth expected in about 90 per cent of the world in 2019, “the global economy is now in a synchronised slowdown.”
The fragile outlook was highlighted in the World Bank’s January 2020 Global Economic Prospects—Slow Growth, Policy Challenges.
