Global economic slowdown will not be as severe as initially thought – BMI

The global economy is on track for a significant slowdown compared with last year, although the deceleration is not expected to be as severe as initially anticipated, research company BMI, a Fitch Solutions company, has said. Presenting these findings in a webinar, BMI global country risk MD Cedric Chehab said that, despite the slowdown, economic activity has demonstrated considerable resilience, as the global economy continued to improve overall in the second quarter.