3 See, for example, for the US, D H Autor, D Dorn & G H Hanson (2013) The China Syndrome: Local Labor Market  Effects of Import Competition in the United States in The American Economic Review, 103(6): 2121–2168; J R Pierce & P K Schott (2016) The Surprisingly Swift Decline of US Manufacturing Employment in American Economic Review, 106(7): 1632–62; D Goldschmidt & J F Schmieder (2017) The Rise of Domestic Outsourcing and the Evolution of the German Wage Structure in The Quarterly Journal of Economics, 132(3): 1165–1217.
According to the July 2019 World Economic Outlook Update released by the International Monetary Fund (IMF), global growth is forecast at 3.2 percent for 2019 and 3.5 percent for 2020. However, as downside risks concerning the global economy seem to be increasing, careful attention is warranted on the timing and pace of its pick-up.