PwC Predicts Global Economic Slowdown in 2020
Experts call the service sector the “source of optimism” for world trade: this year, the export of services in the world is expected to reach $ 7 trillion while retaining the leadership of the United States and Great Britain.
“We must clearly understand that there is a global slowdown in economic growth, which is characterized by continued integration and economic development, but at a slower pace, below average”, said PwC senior economist Barret Kupelyan.
PwC also forecasts widespread job growth with "uneven distribution". It's expected that the G7 countries will increase the number of jobs by 2 million, and, according to the forecast of the International Labor Organization (UN structure), another seven million vacancies will appear in the seven largest countries with developing economies, including China and Russia.