BlackRock Sees Global Economy `Edging Up' in 2020

The video discusses the global economic landscape, highlighting the significant shift in monetary policy by central banks in 2019, where 63 central banks eased monetary policy. This shift is expected to positively impact financial conditions and promote global growth in 2020. However, trade and geopolitical risks have been hindering this growth. If these risks are mitigated, the easing of monetary policy could lead to a global economic uplift.

What is expected to happen to global growth in 2020 as a result of the monetary policy changes?

Why is the easing of monetary policy described as a global phenomenon?