Washington, Dec 6 (AFP/APP): The blockbuster growth in the world’s major cities in recent years will slow sharply in 2020 and 2021 as the global trade slowdown takes its toll, according to new research. Nine of the top 10 biggest global cities will slow next year, with the stars of the US Silicon Valley showing the most dramatic signs of slamming on the brakes, Oxford Economics researchers found in a report provided to AFP. Looking further ahead, while China’s metropolitan areas have borne the brunt of the trade conflict, they will bump US cities out of the top 10, the latest annual Global Cities Outlook said. “The current slowdown in the global economy is impacting on the world’s major cities,” the report said. “Of the top 900, we expect that just under two-thirds, 586, will experience slower growth in 2020-21 than in the past five years.” And Richard Holt, head of Oxford’s Global Cities Research team, said the trade war’s impact and slowing commerce overall goes beyond manufacturing. Many cities are hit indirectly because “anytime anyone does a trade deal… there’s a good chance an insurance deal will be done related to that in either New York or London,” Holt … Continue reading Major US, global cities slowing amid worldwide slump: report