World, As Seen from the most beautiful islands: Ireland and Cyprus

Global economy at a slowest pace since 2009


The global economy is growing much less rapidly this year due to the outbreak of the new corona virus. That’s what economists at the American bank Bank of America predict, with the lowest growth since 2009. An adjustment to the growth forecast for the United States ensured that.

Bank of America expects a 2.8 percent growth in the global economy, whereas economists predicted 3.1 percent growth. That would be the smallest increase in more than ten years. Bank of America had previously set the growth forecast for China at its lowest level since 1990, but is now counting on the US economy to record the slowest growth in four years.

The economists are not yet assuming a global pandemic, stopping economic activity in many cities. They do, however, assume more disruptions for tourism, among other things, now that the virus is also spreading in more and more European countries.

Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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