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World economy
Publication year - 2019
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12394
Subject(s) - economics , recession , slowdown , baseline (sea) , global recession , economic slowdown , great recession , downside risk , world economy , monetary economics , economy , macroeconomics , keynesian economics , finance , economic growth , political science , law , portfolio
Financial market moves in recent months suggest that there is increasing concern about a substantial global growth slowdown or even a recession. But we continue to see this as an over‐reaction to the weakening economic data; while the downside risks to the global outlook have clearly risen, our baseline forecast shows GDP growth of 2.7% in both 2019 and 2020, little changed from three months ago and only a touch weaker than the likely 3% rise in 2018.