World Economic Outlook for 2019
14 Pages Posted: 10 Jun 2019
Date Written: May 9, 2019
Recent weaknesses in the world economy have prompted a downward revision of forecasts for 2019. The baseline projection scenario points to a widespread easing of growth, albeit more so in some areas than in others, against a backdrop of high uncertainty and significant downside risks. These include, most notably, the possible proliferation of protectionist measures, a disorderly no-deal Brexit, a sharper than expected slowdown in China or in the euro area, or a severe financial market adjustment. Any – or a combination – of these events could have a significant impact on the world economy, in a setting in which there is little room for manoeuvre in macroeconomic stabilisation policies.
Keywords: global economic outlook, protectionism, Brexit, financial stress, economic policy
JEL Classification: F01, F40, E50, E60
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