The global economy has been growing slowly in 2019, but there are signs of improvement in emerging economies. This growth is supported by looser monetary policies in advanced economies and lower US interest rates. Despite this, growth is expected to remain modest, with world output forecasted to decline to 3.0 percent in 2019, the lowest since 2009, and increase slightly to 3.1 percent in 2020. The US economy is expected to slow down in 2020, and China's growth will continue to decrease. If international trade worsens, there could be a significant impact on investment and economic growth.