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A growing list of companies from FedEx to BMW are warning about the world economy

Kate Rooney

Executives at FedEx, BMW, UBS and others are describing bleak macro-economic conditions around the world this week, which they say are weighing on business. The head of UBS says it was “one of the worst first-quarter environments in recent history,” while FedEx cited slowing international conditions and weaker global trade growth trends. Fitch Ratings also "quite aggressively cut" its 2019 global forecast this week.