"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-01-20T10:36:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/01/20/donald-trump-world-economy-business-davos-lon-orig.cnn"
data-branding-key="davos"
data-video-slug="donald trump world economy business davos lon orig"
data-first-publish-slug="donald trump world economy business davos lon orig"
data-video-tags="business, economy and trade,conferences and conventions,continents and regions,donald trump,economy and economic indicators,europe,government and public administration,government bodies and offices,impeachment,misc people,nina dos santos,political figures - us,political scandals,politics,scandals,switzerland,trump impeachment inquiry,us federal government,western europe,white house,world economic forum"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-01-20T10:36:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/01/20/donald-trump-world-economy-business-davos-lon-orig.cnn"
data-branding-key="davos"
data-video-slug="donald trump world economy business davos lon orig"
data-first-publish-slug="donald trump world economy business davos lon orig"
data-video-tags="business, economy and trade,conferences and conventions,continents and regions,donald trump,economy and economic indicators,europe,government and public administration,government bodies and offices,impeachment,misc people,nina dos santos,political figures - us,political scandals,politics,scandals,switzerland,trump impeachment inquiry,us federal government,western europe,white house,world economic forum"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-01-24T17:01:49Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/01/24/mnuchin-lagarde-climate-crisis-global-economy-davos-lon-orig.cnn-business"
data-branding-key="davos"
data-video-slug="mnuchin lagarde climate crisis global economy davos lon orig"
data-first-publish-slug="mnuchin lagarde climate crisis global economy davos lon orig"
data-video-tags="business and industry sectors,business figures,business, economy and trade,central banks,christine lagarde,climate change,conferences and conventions,economic policy,economy and economic indicators,energy and environment,energy and utilities,environment and natural resources,european union,eurozone,globalization,government and public administration,government bodies and offices,government departments and authorities,government organizations - intl,monetary unions,political figures - intl,public finance,public finance agencies and treasuries,steven mnuchin,trade and development,world economic forum"
data-details="">
Video Ad Feedback
Watch Mnuchin and Lagarde clash over the climate crisis
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-01-22T15:42:42Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/01/22/prince-charles-davos-climate-change-world-economic-forum-foster-intv-intl-ldn-vpx.cnn"
data-branding-key="davos"
data-video-slug="prince charles davos climate change world economic forum foster intv intl ldn vpx"
data-first-publish-slug="prince charles davos climate change world economic forum foster intv intl ldn vpx"
data-video-tags="british royal family,business, economy and trade,celebrities,conferences and conventions,continents and regions,economy and economic indicators,environment and natural resources,environmentalism,europe,globalization,misc people,prince charles,royalty and monarchy,society,switzerland,trade and development,western europe,world economic forum,max foster"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-01-21T17:38:12Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/01/21/trump-greta-thunberg-climate-davos-lon-orig.cnn-business"
data-branding-key="davos"
data-video-slug="trump greta thunberg climate davos lon orig"
data-first-publish-slug="trump greta thunberg climate davos lon orig"
data-video-tags="activism,business and industry sectors,business, economy and trade,climate change,conferences and conventions,donald trump,economy and economic indicators,energy and environment,energy and utilities,environment and natural resources,government and public administration,government bodies and offices,greta thunberg,misc people,political figures - us,politics,society,us federal government,white house,world economic forum"
data-details="">
Video Ad Feedback
Watch Greta Thunberg hit back at Trump on climate change
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-01-21T12:24:21Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/01/21/davos-economic-forum-trump-climate-change-sot-diamond-lklv-vpx.cnn"
data-branding-key="davos"
data-video-slug="davos economic forum trump climate change sot diamond lklv vpx"
data-first-publish-slug="davos economic forum trump climate change sot diamond lklv vpx"
data-video-tags="activism,business and industry sectors,business, economy and trade,climate change,conferences and conventions,continents and regions,donald trump,economy and economic indicators,energy and environment,energy and utilities,environment and natural resources,europe,government and public administration,government bodies and offices,jeremy diamond,misc people,political figures - us,politics,society,switzerland,us federal government,western europe,white house,world economic forum"
data-details="">
Video Ad Feedback
Trump calls climate activists 'perennial prophets of doom'
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-01-20T16:26:59Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/01/20/julia-chatterley-blackrock-vc-philipp-hildebrand-davos-lon-orig.cnn"
data-branding-key="davos"
data-video-slug="julia chatterley blackrock vc philipp hildebrand davos lon orig"
data-first-publish-slug="julia chatterley blackrock vc philipp hildebrand davos lon orig"
data-video-tags="banking, finance and investments,blackrock,business and industry sectors,business, economy and trade,climate change,companies,energy and environment,energy and utilities,environment and natural resources,financial markets and investing,foreign investment,globalization,private equity,trade and development,trade and development finance,venture capital"
data-details="">
Video Ad Feedback
BlackRock Exec: Climate risks forcing investments into sustainability
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-01-17T16:44:17Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/01/17/world-economic-forum-50-years-davos-lon-orig.cnn-business"
data-branding-key="davos"
data-video-slug="world economic forum 50 years davos lon orig"
data-first-publish-slug="world economic forum 50 years davos lon orig"
data-video-tags="business, economy and trade,conferences and conventions,economy and economic indicators,snow skiing,sports and recreation,world economic forum,continents and regions,europe,switzerland,western europe"
data-details="">
Video Ad Feedback
World Economic Forum: 50 years in 50 seconds
00:55
Now playing
- Source:
CNN Business
Davos, SwitzerlandCNN Business
—
The global economy is expected to pick up this year — but the International Monetary Fund is less optimistic about the recovery than it was a few months ago.
The group said Monday that weaknesses in emerging markets, such as India, and growing social unrest had caused it to downgrade its forecast for economic growth in 2020. The IMF now expects 3.3% growth in 2020, down from its 3.4% projection in October.
That would still mark an improvement from 2019, when growth likely came in at 2.9%, according to the IMF. And its economists note that some risks have eased.
Market sentiment has jumped on “tentative signs” that global manufacturing and trade will improve from here on out, the IMF said in its report. Monetary stimulus, “intermittent favorable news” on US-China trade negotiations and reduced anxiety about a messy Brexit have also improved the global mood.
Yet some confidence may be premature. The IMF also downgraded its outlook for growth in 2021 by 0.2 percentage points to 3.4%.
“Few signs of turning points are yet visible in global macroeconomic data,” it said in its report.
One immediate concern is that developing economies won’t be as resilient as expected. The IMF now pegs India’s growth at 5.8% in 2020, up from 4.8% last year but a full 1.2 percentage points below what it forecast in October.
The IMF said domestic demand in India “has slowed more sharply than expected” because of stress in its financial sector and lower credit growth. It also moderated expectations for growth in Mexico, Chile and South Africa.
The outlook for the US economy remains stable, if not particularly encouraging. Growth is predicted to fall from 2.3% in 2019 to 2% in 2020. That’s 0.1 percentage points lower than the IMF projected in October.