Global outlook somber for late-cycle expansion despite market joy – Reuters poll

By Hari Kishan and Shrutee Sarkar BENGALURU (Reuters) - Most major economies have likely averted recession for now but growth will remain subdued in 2020, according to Reuters polls, despite the recent round of central bank stimulus and signs of a preliminary truce in the U.S.-China trade war. Several big central banks have cut interest rates this year, responding to a slowdown that few policymakers had expected around this time in 2018. That loss of momentum in the global economy was driven in part by a crunch in world trade.

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