Compass Real Estate > Cambodia Real Estate Information > Others > Great changes in global economic trends in 2020

Great changes in global economic trends in 2020

2019-12-23
4299
0
Summary:The world-renowned media The Economist has compiled the major trends of 2020, among which several important international events will affect the world finance.

Coming to the end of the contentious 2019, and looking forward to new opportunities for development in 2020, the internationally renowned media The Economist has organized the major trends of 2020, among which several important international events will affect the world situation. The next year will be the worst and best era? Or will it start the next period of global turmoil?

US Presidential Impeachment Case and Elections
U.S. President Trump faced impeachment from the House of Representatives because of "abuse of power "and "prevents congressional investigations", becoming the third president in US history to be passed by the House of Representatives. The case will be sent to the Senate for review in January 2020, and Trump will be removed from office once the Senate considers it. In the meantime, the two major political parties in the United States-the Democratic Party and the Republican Party-will inevitably carry out a strong wrestling in the Senate to increase the turbulence of the US political situation.
In addition to the impeachment case, in November 2020, the United States will hold another presidential election. Trump ’s support rate has fallen to the bottom due to the trade war and slowing U.S. economic performance. Although recent polls show that the Democratic Party has a good chance of winning this election, in order to win the next presidential throne, the confrontation between the two parties must be more intense, increasing uncertainty before the election, and aggravating the situation in the United States and the external relations.

Brexit is confirmed, follow-up effects wait and see
The long-delayed Brexit case has finally dawned. On December 20, the British House of Commons passed the "Withdrawal Agreement", and the Brexit process was initiated on January 31, 2020. Although the Brexit has finally come to an end, this is only the end of the first season. Because the bill prohibits the British government from extending the Brexit transition period until after 2020, if the United Kingdom and the European Union still cannot reach a consensus, and "break up" with the EU in a non-agreement manner, it will bear 60 billion pounds of debt and agree to leave the European Union. 30 billion pounds more debt. The Office of Budget Responsibility (OBR) estimates that a no-deal Brexit will cause the UK stock market to fall by 5% and the pound to depreciate by 10%. By the end of 2020, UK's gross domestic product (GDP) will decline by 2%. The IMF has also warned that Brexit without a deal will cause a decline in UK economic growth in the next 2-3 years. Brexit has brought about the fragmentation and impact of the European continent, and has given this play a more uncertain chapter.

The global economy is faltering and the future is uncertain
Continuing the events of 2019, the world will still face multiple challenges in 2020. The US-China trade war came at the end of 2019 with good news that the first phase of the agreement would be signed, in exchange for temporary respite from global financial markets. However, the certainty declared by the two sides is inconsistent, and it is still full of variables. Until the agreement is formally signed, global investors cannot be reassured.
In addition, the European and US central banks have to face the risks brought by negative interest rates. The world economy is affected by the global political instability. The stock exchange market has fallen more than rose, and the magnitude of the change has been astonishing. Therefore, it has attracted global capital to a more stable bond market. Investors from all walks of life are pursuing US government bonds, multi-national bonds and mortgages have negative interest rates, and negative yield bonds have expanded. However, at the annual meetings of the International Monetary Fund (IMF) and the World Bank, many people in the financial fileld warned that negative interest rates could ease the economy temporarily and would hit the financial industry in the long run.

China achieves "a well-off society", countries need to strike a balance between China and the United States
Since 2000, China has entered a period of building a well-off society in an all-round way. With the "four modernizations" of industry, agriculture, national defense, and science and technology, China's modernization has been promoted. 2020 is the decisive period for building a well-off society in an all-round way. In the first stage (2020-2035), on the basis of building a well-off society in an all-round way, realizing socialist modernization. In the second stage (2035-2050), China will eventually become Prosperous, strong, democratic, civilized, harmonious and beautiful socialist modern power. China's rise has required countries around the world to strike a balance between China and the United States.

2020 is also a promising year 

Compared with the hard part of politics and economy, 2020 is fruitful in other aspects. In terms of sports, Japan has violated the Olympic Games held again in 56 years. The European Cup of Nations will compete in 12 cities in Europe, and the ICC World T20 cricket competition will debut. In terms of aerospace, the United States, the European Union, China, and the United Arab Emirates are all planning to explore Mars to find another possibility for humanity in the future. Many high-tech, such as super electric vehicles, customized medicine, and so on. 2020 is the year of the battle for entertainment media streaming. The right of voice of entertainment media is transferred from TV to the Internet, which will also lead the industry to the next stage of development.

  • ---------------------------------- The End ----------------------------------

Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

0

Share
Latest comment
0/500
{{MemberInfoData.nickname}}
{{MemberInfoData.tel_arr[0].showtel}}
  • Rent
    {{MemberInfoData.house_num.rent}}
  • Buy
    {{MemberInfoData.house_num.buy}}
  • Land for rent
    {{MemberInfoData.house_num.land_rent}}
  • Land for sale
    {{MemberInfoData.house_num.land_buy}}
Compass customer
{{MemberInfo.show_company_name}}
{{showTime.show_time}} active
Image is being sent:
Message loading
Message failed to load, click to try again
{{emoji.emoji}}
OBTAIN
Send a business card to{{ taname }}
Start sending
Cancel
No recent contacts
  • {{ind.unreadMessageCount}}
    {{ind.nickname}}
    {{ind.sentTime | time}}
    [图片]
    [语音]
    [视频]
  • Recent contacts are loading
  • {{item.nickname}}
{{send_title}}
  • {{follow.house_name}}
    {{follow.house_province}} {{follow.house_city}}
    {{follow.currency_price_sold_price.start}}{{follow.currency_price_sold_price.mid}}{{follow.currency_price_sold_price.end}}
Selected({{checked_length}}/3)