Global Economics

Global Economics Chart Book

6 December, 2018

Entering 2019 on a weaker footing

The latest surveys and hard data suggest that the world economy has not regained any momentum in Q4. While the recent slump in oil prices should support global growth, we think that activity will soften over the next year or so, led by slowdowns in the US and China. Many other economies are also likely to lose steam. Accordingly, world trade will probably weaken even if the recent ceasefire in the US-China trade war holds. We think that core inflation has peaked in the US. Along with the economy

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