World economic growth is slowing. Don’t worry—yet
Make no mistake: world growth has slowed, but it remains strong. In April, the International Monetary Fund said that the global economic upswing had become “broader and stronger.” Strong retail sales and high consumer confidence suggest that if a downturn is coming, Americans have missed the memo. But that could be part of the problem: demand is piling up where it is least needed. Nor has the economy fully absorbed the impact of recently-enacted tax cuts and spending increases. The biggest risk to the world economy remains the possibility of a trade war.
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