World economic outlook for 2019

Pedro del Río () and Esther Gordo

Economic Bulletin, 2019, issue JUN, No 10

Abstract: 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 (search for similar items in EconPapers)
JEL-codes: E50 E60 F01 F40 (search for similar items in EconPapers)
Date: 2019
Note: Analytical Articles
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Citations: View citations in EconPapers (6)

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