If you had to describe the state of the economy in an emoji, it’d be: 🤷
No one is quite sure what will happen in 2020, partly because of all the looming political uncertainty. There’s the trade war, US-China relations, US-Iran relations, the US election, the rise of populism, Brexit (still), protests around the world, and the question of what governments will or will not do to combat climate change. That’s the short list.
All of that uncertainty should be a drag on the global economy because it gives companies a reason to delay hiring and investment, and there’s some evidence that that’s happening. However, some experts have been surprised just how little impact it’s had on the economy to date. In a year that promises to be full of political turbulence, can the economy keep calm and carry on?