ESGF - Why Global Growth Will Likely Slow In 2019
By Elga Bartsch, PhD
Elga explains why we see a synchronized global slowdown ahead in 2019 and what this means for central bank policies.
We see a synchronized global slowdown ahead in 2019 as the U.S. economy becomes a drag rather than a driver. The U.S. slowdown reflects, in part, an economy that is transitioning into a late phase of the business cycle, the final phase before a downturn.
The global slowdown is likely to be led by the U.S. but should partly be cushioned by more steady growth in Europe and emerging markets, notably