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Signs cleared, economic slowdown to end soon

Thursday - November 7, 2019 4:20 pm , Category : WTN SPECIAL
You can get rid of the economic recession in no time
You can get rid of the economic recession in no time

All economies including India hope to get relief soon

NOV 07 (WTN) - The global economic slowdown has affected the economies of the world in some way. According to the International Monetary Fund, 90 percent of the world's economies are in the grip of the economic slowdown. As you know, at the present time the export and import of any country are connected and affected by economies around the world. In such a situation, economies all over the world are affected by the economic slowdown due to reasons other than the US-China trade war.

Since the beginning of 2019, world economies are facing an economic slowdown. Rapidly growing economies like India and Brazil have suffered a lot due to the economic slowdown. But amidst all this, according to a report, the whole world can get relief from the economic slowdown soon. In fact, the announcement of the central banks worldwide to reduce interest rates and the hope of ending the ongoing trade war between the US and China have started showing signs of ending the economic slowdown.

According to the information, the US stock market has reached the highest level so far at the beginning of the week. At the same time, Asian shares have returned to the markets. Apart from this, the index benchmark of the Indian stock market is also touching new historical levels daily. However, experts in the global economy believe that it is too early to say that the global economic slowdown will end soon. But, it can be said that the economies of the world affected by the economic slowdown can recover from the recession early next year. 

According to the information received from the media, the world's largest rating agency JP Morgan has said in its report that the economies of many countries around the world are weak, but now it is slowly going towards betterment. Economic data of economies of many countries shows that the impact of the global economic slowdown is gradually diminishing. 

On the other hand, a US agency had said in its report recently that new job opportunities have increased rapidly in October month, as well as salary growth is expected in the coming days. According to the data, more people got jobs in October compared to August and September. In such a situation, the time comes for the job is going to be comparatively better. 

At the same time, there has been a longstanding doubt about the exit of Brexit. Europe's economy staggered due to a variety of uncertainties, but it has seen improvement in October. At the same time, Germany which had reached the state of recession, but now there has also been growth in the manufacturing sector. The countries of Europe are slowly recovering from the economic downturn, in such a situation, it can be said that the effects of the economic downturn will be corrected but gradually.

The factor that has affected the global economic slowdown the most is the ongoing trade war of America and China, the two largest economies of the world. But it is being said that talks between these two countries have started on trade war now and it is believed that by next year, the trade agreement between the two countries will be done, which will accelerate the global economy once again on pace. If the ongoing trade war between the US and China ends, it will benefit the poor and developing countries around the world.

As you know, the biggest loss to China's economy is due to trade war. Now, if the trade war between the US and China ends, it is expected that again China's growth rate will increase, which will accelerate the Asian markets. Apart from this, the Indian economy, which has been badly affected by the global economic slowdown, is also seeing gradual improvement. Auto sales figures have improved in the month of October, after which it can be said that the world is slowly getting away from the fall of the global economic recession.