In 2018, the global economy faced a number of significant business and financial events:
Economic growth: According to the World Bank’s forecasts, global growth in 2018 was
expected to reach 3.1%, indicating a steady recovery from the financial crisis.
Trade tensions: The United States initiated tariffs on steel and aluminum imports, which led
to retaliatory measures by China and other countries. This increased fears of a possible
global trade conflict.
Stock market volatility: Stock markets experienced significant fluctuations, in particular due
to fears of trade wars and rising interest rates. The Dow Jones Industrial Average and the
S&P 500 showed a decline of about 10% for the year.
Chinese economy: China faced a slowdown in economic growth, partly due to trade tensions
with the US, which affected global supply chains and investment.
These events highlighted the complexity and interconnectedness of the global economy, as
well as the importance of international cooperation to maintain stability and growth.