Global economic growth slowed in 2019. According to the International Monetary Fund (IMF), global GDP climbed by 2.9 percent – the lowest growth rate since the 2008–2009 financial crisis.
Given ongoing trade tensions and deepening political and geopolitical crises, economic researchers lowered their outlook several times during the year. In many parts of Europe, and in the USA, growth lagged the rates of previous years. Growth also slowed in many emerging market and developing economies. In China, for example, GDP growth was 0.5 percentage points lower than in the prior year. Growth rates also declined in India, Russia, Brazil and Mexico.