In their World Economic Outlook this October, the IMF described their findings: “After slowing sharply in the last three quarters of 2018, the pace of global economic activity remains weak.

“Momentum in manufacturing activity, in particular, has weakened substantially, to levels not seen since the global financial crisis.

“Rising trade and geopolitical tensions have increased uncertainty about the future of the global trading system and international cooperation more generally, taking a toll on business confidence, investment decisions, and global trade.”

But policymakers and economists are concerned the global outlook for next year could be shattered by a tweet from the White House at any moment.

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