IDEAS home Printed from https://ideas.repec.org/a/sae/niesru/v249y2019i1pf3-f3.html
   My bibliography  Save this article

The World Economy: Forecast Summary

Author

Listed:
  • N/A

Abstract

Recent trends in global industrial production and trade show activity stalling since late last year. The pace of service sector activity has remained steadier. Tariff increases and trade disputes have contributed to the weakness in production and trade and have added uncertainty to the global economic outlook. In response to weaker production activity and continued low inflation, central banks in many economies have either loosened monetary policy or positioned themselves to do so, which has been reflected in financial markets. Taking these forces into account, we have reduced our forecast for global GDP growth this year slightly to 3¼ per cent. This is likely to be, by a small margin, the slowest annual growth for a decade. We expect output growth to show a slight pick-up in 2020 to 3½ per cent.

Suggested Citation

  • N/A, 2019. "The World Economy: Forecast Summary," National Institute Economic Review, National Institute of Economic and Social Research, vol. 249(1), pages 3-3, August.
  • Handle: RePEc:sae:niesru:v:249:y:2019:i:1:p:f3-f3
    DOI: 10.1177/002795011924900102
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/002795011924900102
    Download Restriction: no

    File URL: https://libkey.io/10.1177/002795011924900102?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:249: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.