CLEAN : IMF trims global growth estimates 2020-21 but sees improving outlook (2)

The video discusses the updated World Economic Outlook, projecting a modest recovery in global growth from 2.9% in 2019 to 3.4% in 2021. It highlights the potential positive impact of the US-China phase one trade deal on global GDP, reducing the negative effects of trade tensions. The economic forecast has shifted from a 'synchronized slowdown' to 'tentative stabilization' and 'sluggish recovery'.

Can you explain the significance of the cumulative negative impact of trade tensions as mentioned in the text?

What are the key factors contributing to the sluggish recovery mentioned in the text?