We express our sympathy for the human loss and devastating impact of the recent natural disasters in Iran, Malawi, Mozambique, and Zimbabwe. Global outlook and policy priorities The global expansion continues, but at a slower pace than anticipated in October. Growth is projected to firm up in 2020, but risks remain tilted to the downside. These include trade tensions, policy uncertainty, geopolitical risks, and a sudden sharp tightening of financial conditions against a backdrop of limited policy space, historically high debt levels, and heightened financial vulnerabilities. Other longstanding challenges also ... (full story)