the Organization of countries-exporters of oil (OPEC) has noted signs of recovery in world trade and industrial production, said in a December report.
furthermore, OPEC predicts that the global economy in 2020 will grow by about 3%, as in the current.
"the World economy slowed down in 2019, it was affected by a number of difficulties. The issues related to global trade, has led not only to reduction of demand in the world, but also caused a slowdown in investment growth," writes the organization in the report.
"But the positive aspect is that the slowdown in global trade has probably reached its limit, which occurs before recovery is underway, and currently expected that observed in 2019 negative dynamics in industrial production in 2020 would be reversed. As a result, the projected global economic growth at 3% in 2019 and 2020," - said the experts of the OPEC.
In the organization at the same time noted that one of the major challenges for global trade still remain, relations between the US and China. Also uncertainty for the global economy continue to create Brexit and the slowdown of the Japanese economy.
