What recession? Pessimism recedes for global economy in 2020.
A nuanced optimism has crept into the stock markets and forecasts about the world economy.
Where traders and economists once predicted a U.S. recession in 2020 or certainly by 2021, many now believe instead that growth will remain positive this year, with the pace slackening to a low in the first quarter or half and then chugging forward at a moderate rate. According to this view, global growth will follow a similar path.
That outlook suggests good prospects for everyone from workers, benefiting from a tight labor market, to investors, who enjoyed a sparkling 2019 and look forward to solid stock returns in 2020. It could also have political implications,
