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Gita Gopinath – Chief Economist IMF

Although many of us have been sweltering this summer in what has been the hottest month ever recorded, international investors and market analysts have been sweating for different reasons. Dark clouds are looming over the global economy, as a No-Deal Brexit becomes ever more likely, the US-China trade war worsens, recession in several countries is bearing down, and central bankers are struggling to find new instruments in their monetary policy. All this is represented by an inverted yield curve in US treasury bills, an omen of a potential future downturn What, then, should we expect from the global economy in 2020 and what should we do to avoid another global recession?

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