Three major threats to the global economy in 2019

The BBC has published a list of the three major threats to the global economy in 2019. Among them are the tensions of the United States with China, the populist and authoritarian governments and the decisions of the oil countries. The trade war between the United States and China The economist Tom Orilik comments that during 2018 we could see the imposition of tariffs between the two largest economies in the world, however, in 2019 we will only be able to see the effects. It also ensures that if current negotiations fail we will see more tariffs and that will affect the growth of the Chinese economy and the rest of the world. Populist and authoritarian governments Orlik argues that populist parties have gained ground in several of the world’s largest economies since the financial crisis started a decade ago. “President Donald Trump is one of the most outstanding examples, and another is Italy,” argues the economist. Populism understood as the political discourse that claims to defend the common citizen against the corrupt elites, which values ‚Äč‚Äčnational unity against cosmopolitan inclusion, and offers simplistic solutions to complex problems. The decisions of oil countries “We have seen sanctions in Iran, decisions of the Organization of the Petroleum Exporting Countries (OPEC) and uncertainty about global growth, all of which has a major impact on oil prices,” says Orlik.