So Growth Is Slowing. And? We're Still Up a Ton: Taking Stock

The IMF cut its growth outlook for the second time in 3 months ahead of Davos, which got underway earlier Tuesday, while China’s 2018 GDP figures came in at the slowest pace in nearly 30 years (though on a much larger economic base). China’s GDP was in line with expectations, and while it adds fuel to the concern of slowing worldwide growth, I’m sure it will surprise very few that they failed to outperform amid a trade war with their largest partner. Developments on that front also lost a bit of steam over the weekend to be sure, despite the optimism Friday on reports China was offering to close the trade gap with the U.S. by 2024.

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