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AVEM - The World Economy: Synchronized Slowdown Precarious Outlook
American Century ETF Trust - Avantis Emerging Markets Equity ETF
By Gita Gopinath, Economic Counsellor and Director of the Research Department at IMF
The global economy is in a synchronized slowdown and we are, once again, downgrading growth for 2019 to 3 percent, its slowest pace since the global financial crisis. Growth continues to be weakened by rising trade barriers and increasing geopolitical tensions. We estimate that the US-China trade tensions will cumulatively reduce the level of global GDP by 0.8 percent by 2020. Growth is also being weighed down by country-specific factors in several emerging market economies, and by structural forces, such as low