Slowdown will help improve growth quality

The global economy was full of uncertainties last year, with the decline in stock markets, and volatility in foreign currency and bond markets leaving investors worried worldwide. In US dollar exchange rate terms, the World Bank calculated global economic growth to be 2.9 percent in 2018 while the International Monetary Fund said it would be 3.0 percent. Either way, global economic growth in 2018 would be higher than the average growth in the past years, suggesting the world economy is still growing.

For this year, so far no major international organization has forecast negative growth or economic recession.

So when all the forecasts say the world economy will continue to grow, why is the market sentiment is so gloomy and pessimistic? Because of uncertainties.