It may seem to many because of recent events and economic downturn that the world will see a recession in 2020 but it is not going to happen so. A slowdown has been seen in the manufacturing and industrial production due to the tariffs on imports by the US. A resolution between China and the US will help improve U.S. corporate confidence. The consumer spending will remain high in countries like the US since unemployment is at an all-time low. But other countries where supply has been reduced due to the trade wars, companies are seeing lower growth and so the consumption will remain low.
Germany, on the other hand, is on the edge of recession and it is a major economic influencer in the Eurozone. It could bring down the rest of the European Union along with itself because of this reason.