Market Overview – June 2019 Quarter
Global Economy:
In all corners of the globe, warning signs are flashing about the state of the economy. The IMF has recently downgraded its forecast for global economic growth for the 4th time in 9 months to 3.2%. 70% of the global economy is expected to experience slowdown this year, the IMF forecasts. The IMF isn’t projecting a recession but its an uncertain and bumpy path ahead. To add fuel to the fire, the US-China trade war is not giving any certainty and keeps on bringing volatility around the globe.
