The global economy is likely to rebound in 2020, but the IMF warns of eerie parallels to the Roaring Twenties

The global economy is likely to rebound in 2020, but the IMF warns of eerie parallels to the Roaring Twenties

Global growth is expected to hit 3.3 percent this year, the IMF predicted.. The U.S. economy will grow at 2 percent, down modestly from 2.3 percent last year, the IMF predicted.. China is expected to grow at 6 percent, down from 6.1 percent last year.. Business investment dried up last year as executives sat on their cash to see what would happen with the trade war.. Treasury Secretary Steven Mnuchin recently predicted a surge in growth following the signing of the partial China trade deal and the U.S.-Mexico-Canada trade agreement.. Most independent economists say that while finalizing the deals is a small positive for the economy, they don't expect a big bump from that alone..