Amidst a tumultuous 2019 where Donald Trump's impeachment and ongoing Russia controversy took centre stage, the world also faced a massive global recession. According to data released by World Bank in September, global economic growth slowed to its lowest pace in five years in 2019, coming in at just 3.2 per cent. This number was far lower than the 3.4 percent estimate of World Bank's July forecast and also below previous projections in its June estimate of 3.7 per cent. Scroll down for video Amidst a tumultuous 2019 where Donald Trump's impeachment and ongoing Russia controversy took centre stage, the world also faced a massive global recession The global economy is currently going through the worst slowdown in more than a decade with many analysts citing growing pessimism around the future of the world economy. As per the World Bank, a global recession has been triggered by trade conflicts, the US-China trade war, slowing global growth and higher interest rates, particularly in advanced economies. Global recession is a phenomenon which includes global stock market decline by at least 20 per cent. In September 2019, Global recession was further compounded by economic slowdowns from India, Brazil and the US. Global recession is a phenomenon which includes global stock market decline by at least 20 per cent. Above, economic slowdowns from India, Brazil and the US In September, The world's largest economy, US, entered its first recession since the financial crisis of 2007/8 and its impact was felt globally. China, which had reported weaker-than-expected economic growth in the first half of the year, also recorded economic slowdown in the third quarter. The ongoing global downturn has led to significant drop in equity markets across the world with China's Hang Seng falling 25.7 per cent in 2019 while Japan's benchmark Nikkei was down 7.7 per cent and Germany's Dax shed 6.1 per cent in 2019. Germany's benchmark DAX Index lost six per cent from an all-time high hit in January 2019. The ongoing global downturn has led to significant drop in equity markets across the world with China's Hang Seng falling 25.7 per cent in 2019 while Japan's benchmark Nikkei was down 7.7 per cent and Germany's Dax shed 6.1 per cent in 2019 The ongoing global downturn has led to significant drop in equity markets across the world with China's Hang Seng falling 25.7 per cent in 2019 while Japan's benchmark Nikkei was down 7.7 per cent and Germany's Dax shed 6.1 per cent in 2019 The ongoing global downturn has led to significant drop in equity markets across the world with China's Hang Seng falling 25.7 per cent in 2019 while Japan's benchmark Nikkei was down 7.7 per cent and Germany's Dax shed 6.1 per cent in 2019. Meanwhile, emerging markets too were hit by global economic slowdown as well. 'While large developed economies are in a synchronized slowdown, growth in emerging economies has fallen below expectation,' the World Bank said. The ongoing global downturn has led to significant drop in equity markets across the world with China's Hang Seng falling 25.7 per cent in 2019 while Japan's benchmark Nikkei was down 7.7 per cent and Germany's Dax shed 6.1 per cent in 2019 The ongoing global downturn has led to significant drop in equity markets across the world with China's Hang Seng falling 25.7 per cent in 2019 while Japan's benchmark Nikkei was down 7.7 per cent and Germany's Dax shed 6.1 per cent in 2019 The ongoing global downturn has led to significant drop in equity markets across the world with China's Hang Seng falling 25.7 per cent in 2019 while Japan's benchmark Nikkei was down 7.7 per cent and Germany's Dax shed 6.1 per cent in 2019. With Trump, who takes centre stage in the upcoming elections, accused of corruption, facing an impeachment investigation by the Democratic House and facing legal action over allegations of abusing his power, growth and global outlook for the US is also at its weakest in a decade. 'Global growth prospects have diminished since the last World Bank Group spring economic outlook,' the World Bank said. The ongoing global downturn has led to significant drop in equity markets across the world with China's Hang Seng falling 25.7 per cent in 2019 while Japan's benchmark Nikkei was down 7.7 per cent and Germany's Dax shed 6.1 per cent in 2019 The ongoing global downturn has led to significant drop in equity markets across the world with China's Hang Seng falling 25.7 per cent in 2019 while Japan's benchmark Nikkei was down 7.7 per cent and Germany's Dax shed 6.1 per cent in 2019 US President Donald Trump holds a campaign rally at the Target Center on November 6, 2019 in Minneapolis, Minnesota The 'trade war' between the United States and China has also weighed on global growth, especially in Asia. But the drop in global growth has had implications for other regions as well, particularly Africa, which suffered from its recent commodity price collapse and from low oil prices and capital outflows. 'A series of shocks, including slower growth in the United States and China, as well as tensions with the Middle East, are likely to weigh on global economic growth prospects. 'China and India will struggle to generate strong domestic demand to sustain growth, given their growing dependence on exports to sustain domestic demand,' the World Bank said. The ongoing global downturn has led to significant drop in equity markets across the world with China's Hang Seng falling 25.7 per cent in 2019 while Japan's benchmark Nikkei was down 7.7 per cent and Germany's Dax shed 6.1 per cent in 2019 The 'trade war' between the United States and China has also weighed on global growth, especially in Asia. Above, US President Donald Trump holds a campaign rally in the fall Meanwhile, emerging markets are at their weakest growth in decades amid an escalating global trade war. Emerging market growth is currently at its weakest in a decade, with emerging market currencies at their weakest in a decade, China's slowest expansion in 25 years and India's weakest since 2012, according to the World Bank. In its World Economic Outlook report, the World Bank said the global economy may grow 3 per cent next year, still far below what it had been growing at for the past decade. The United States is expected to slow to 1.9 per cent growth in 2020 after a 3.1 per cent expansion in 2019. Japan's GDP is expected to grow at 0.8 per cent in 2020 after 0.9 per cent growth in 2019. Even Europe's economy will be sluggish as Germany's growth forecast falls to 0.5 per cent and the eurozone as a whole grows at only 0.4 per cent. 'By 2024, the World Bank says China's growth will be 7.6 per cent and India's will be 7.8 per cent, which is more in line with global GDP growth' said Marc Chandler, chief global economist at TS Lombard. The 'trade war' between the United States and China has also weighed on global growth, especially in Asia. Above, US President Donald Trump is due to appear before a US congressional panel as part of the investigation into his dealings with Ukraine Meanwhile, emerging markets are at their weakest growth in decades amid an escalating global trade war. Pictured is Egyptian President Abdel Fattah al-Sisi arriving for a joint press conference with Italian Prime Minister Giuseppe Conte at Palazzo Chigi China's slowest expansion in 25 years, India's weakest since 2012 and Brazil's slowest since 2014 are the main reasons that emerging market growth is currently at its weakest in a decade China's slowest expansion in 25 years, India's weakest since 2012 and Brazil's slowest since 2014 are the main reasons that emerging market growth is currently at its weakest in a decade. 'China's GDP growth is projected to ease to 6.5 per cent in 2020, the lowest since 2009,' the World Bank said. 'And economic growth in India is expected to slow to 6.8 per cent in 2020 from 7.3 per cent in 2019, which is also its weakest pace since 2012.' In addition, Brazil's growth is also projected to slow to 0.8 per cent this year from 1.7 per cent last year.