Prospects for manufacturing in 2020
Wednesday, November 13, 2019
Subject
The prospects for manufacturing in 2020.
Significance
Manufacturing directly accounts for 16% of global GDP, and for a higher share of economic activity in the major emerging economies than in most advanced economies. Manufacturing growth is expected to slow or contract in all industrial economies over the next twelve months, driven by the US-China trade tensions, faltering demand, consolidation and the disruptive impact of technology.