In the fourth quarter of 2018, there has been a slowing to the USA economy. Many blame the government shutdown, but, the greatest impact didn't occur in 2018. The first paycheck was missed by the government employees in 2019. The USA government shutdown definitely affected the USA economy, but, to extrapolate that into the global slowdown is not likely.
Timeline to tariffs (click here)
November 13, 2018
By Dan Murphy
Growth is slowing in a number of the world’s big economies (click here), and the International Monetary Fund is warning that investor sentiment could make a “sudden reversal” for the worse.
“Although still supportive of growth, global financial conditions have started to tighten,” the fund said in its latest Regional Economic Outlook report for Middle East and Central Asia, released Tuesday.
The report is published annually and gives a broad overview of recent economic developments and of prospects and policy issues for the medium term....
FedEx is one of the companies that launched and grew with the expansion of global markets. It makes complete sense that FedEx would be feeling the CONTRACTION of the global market place. Now, 3.5 growth is still significant, but, if the slowing continues it will have a larger impact. I think this slowing is on track due to the USA tariffs.
February 25, 2019
By Max Garland
FedEx’s view on the economy (click here) isn’t getting any better with its next earnings report less than a month away, according to a recent company report.
The Memphis logistics giant expects global and U.S. economic growth to slow this year and next, per a FedEx analysis as of Feb. 1.
Global gross domestic product growth will dip to 2.9 percent in 2019 and to 2.8 percent in 2020, according to the analysis in FedEx’s roadshow report for investors. FedEx forecast global GDP growth to be 3.1 percent last year.
“Global economic growth is slowing as growth eases in the Eurozone, China, and other large economies,” FedEx said in the report. “Given the importance of access to global supply chains to U.S. competitiveness and jobs, it is important to have a policy environment that encourages free trade. Higher tariffs represent a downside risk to the economic outlook, especially as global trade growth slows.”
FedEx is one of many expecting the global economy to slow. In January, the International Monetary Fund said GDP growth would drop from 3.7 percent in 2018 to 3.5 percent in 2019....
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