Global economic outlook: calm before the storm? | Visa

Global economic outlook: Calm before the storm?

Slowing growth, but a recession is not necessarily inevitable.

Stock image showing eye of hurricane storm.
Stacked bar chart showing the U.S. at .6% share of global GDP growth 2010-2018 and 2019 (estimated), falling to .4% (forecasted) in 2020.

Sources: Visa Business and Economic Insights, Oxford Economics, Haver Analytics

Spider chart web showing how seven measures of global economic activity.
Spider chart web showing how Consumer spending, investment, trade, house prices, cross- border travel and capital flows compare between 3Q2019, the recession average and non-recession average. All but house prices are below the recession average.
Wayne Best Headshot.