This is the best tl;dr I could make, original reduced by 79%. (I’m a bot)
Gross domestic product growth worldwide is projected to slow to 2.8% for 2020, which BofA Global Research said would be the first sub-3% reading since the recession and financial crisis ended in mid-2009.
“Extended disruptions in China should hurt global supply chains. Weak tourist flows will be another headwind for Asia,” BofA economist Aditya Bhave said in a note.
Tighter central bank policy and lingering aftereffects from tepid growth in 2019 also are weighing on growth.