Less active economy: A poster promoting discounts is placed outside a store at a shopping centre in Beijing. Economic activity in Europe, China and Japan, all engines of global growth, is slackening. — Reuters
THAT was the world that was. As the year passes, 2018 is not one I care to remember.
G20 has also come and gone. Global growth remains lacklustre averaging 3.7% for 2017-18, in the face of rising risks, reflecting persisting trade barriers and the reversal of capital flows to emerging market economies (EMEs) with weakening fundamentals amid higher political uncertainties.
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