Visuals

Trump's trade war has reversed the world's growth story in 2 years

 Illustration of a big smiling piggy bank that says "2017" on the side, and a smaller, worried-looking piggy bank that reads "2019."
Illustration: Sarah Grillo/Axios

In January 2018, coming off of a year in which global growth rose to near 4%, then-IMF managing director Christine Lagarde said the global economy was experiencing "the broadest synchronized global growth upsurge since 2010" and that "all signs point to a continuous strengthening."

The latest: On Tuesday, the IMF said it expects global growth to slow to the weakest pace since the 2008 global financial crisis, noting the decline would be a significant drop from its 2017-18 levels.

The risky business of electric vehicles

Reproduced from IEA; Note: Government incentives includes direct spending and tax expenditures; Chart: Axios Visuals

A new International Energy Agency analysis finds that governments account for nearly one-fifth of global spending on electric vehicle purchases.

Why it matters: "The ability of governments to stabilize and then reduce their share of total EV spending will be a key test of the sustainability of the EV market in coming years," 2 analysts write in the Oct. 10 commentary.