Economic Research
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Edition April 15, 2019
World – Macroeconomic Scenario for 2019-2020: prevention better than cure

The strong, synchronised cycle of global growth has ended. Alongside hopes that the US-China trade negotiations will result in a deal and that Chinese growth picks up – but not deceiving ourselves about China's ability to drive the world economy – we are seeing signs of flagging, although not a collapse. The major economies will mainly rely on the strength of their domestic demand to achieve a soft landing that is close to potential growth rates. And, preferring prevention rather than cure, cautious central banks have opted for more accommodative monetary policy than expected.

Download publication - (PDF - 931.13 Ko)
Edition April 15, 2019
World – Macroeconomic Scenario for 2019-2020: prevention better than cure

The strong, synchronised cycle of global growth has ended. Alongside hopes that the US-China trade negotiations will result in a deal and that Chinese growth picks up – but not deceiving ourselves about China's ability to drive the world economy – we are seeing signs of flagging, although not a collapse. The major economies will mainly rely on the strength of their domestic demand to achieve a soft landing that is close to potential growth rates. And, preferring prevention rather than cure, cautious central banks have opted for more accommodative monetary policy than expected.

Download publication - (PDF - 931.13 Ko)