IDEAS home Printed from https://ideas.repec.org/a/sae/niesru/v248y2019i1pf3-f3.html
   My bibliography  Save this article

The World Economy: Forecast Summary

Author

Listed:
  • N/A

Abstract

Recent data indicates that the global output growth cycle has peaked. We expect global GDP growth to continue, but at a slightly slower pace than in the past two years. Tariff increases and trade disputes have contributed to slowing growth and have added uncertainty to the global economic outlook. While slightly faster wage growth in advanced economies and tighter labour markets raise the potential for higher inflation, the fall in oil prices in late 2018 should, with slowing output growth, prevent a widespread pick-up in inflation. Continued low inflation opens the possibility for central banks to increase monetary accommodation to support economic activity should it be required. Despite slower output growth this year, this decade will have seen sustained global GDP growth averaging 3.8 per cent a year.

Suggested Citation

  • N/A, 2019. "The World Economy: Forecast Summary," National Institute Economic Review, National Institute of Economic and Social Research, vol. 248(1), pages 3-3, May.
    • Handle: RePEc:sae:niesru:v:248:y:2019:i:1:p:f3-f3
    DOI: 10.1177/002795011924800102
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/002795011924800102
    Download Restriction: no
    File URL: https://libkey.io/10.1177/002795011924800102?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:niesru:v:248:y:2019:i:1:p:f3-f3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.