BHP Group sees China and global economic growth slowing
The company states: "The global economy grew by around 3% in the 2018 calendar year, with a notable pickup in the US economy, and resilient growth in China. We expect global growth to register near the lower end of a range of 3% to 3.25% for the 2019 calendar year. Any further escalation in trade protection or loss of business confidence is a downside risk for consensus views of the world economy, commodity demand and energy and metals prices in the 2020 financialyear. We actively consider the plausibility of this outcome in our range analysis. We continue to expect China's economic growth to slow modestly in the 2019 calendar year to around 6%. The negative impact of weaker exports is expected to be partially offset by easier monetary and fiscal policy."