The global economy will slow down more than expected: What consequences?

Global growth is likely to be much lower than expected in 2020, due to: The ongoing industrial slowdown; The coronavirus crisis. We must then be aware of the dangers of an unexpected slowdown in the global economy: The loss of solvency for highly indebted borrowers (many OECD countries, companies and households in China, emerging countries, Sweden, Canada and Australia); The rise in risk aversion, which may trigger capital outflows from indebted emerging countries and a balance of payments crisis in these countries; The difficulties for commodity-producing countries .