Summary in simple : Slower economic growth worldwide

Abstract

Last year, the output volumes of goods and services grew more slowly than before. According to the most recent economic forecasts, global economic growth will dampen further this year. One of the reasons for this is the economic situation in China. China is the second largest economy in the world after the United States, and its rapid growth has, for a long time already, supported the dynamics of the entire global economy. Even China's economic growth has now slowed, and this has curtailed exports and imports across the world.