| World Bank IMF and Dev Agencies |    5017 VIEWS  |
| World Bank IMF and Dev Agencies | |
| 5017 VIEWS | |
 |
Tuesday, October 09, 2018 08.07AM / IMF
The steady expansion under way since
mid-2016 continues, with global growth for 2018–19 projected to remain at its
2017 level. At the same time, however, the expansion has become less balanced
and may have peaked in some major economies. Downside risks to global growth
have risen in the past six months and the potential for upside surprises has
receded.
Global growth is projected at 3.7 percent
for 2018– 19—0.2 percentage point lower for both years than forecast in April.
In the United States, momentum is still strong as fiscal stimulus continues to
increase, but the forecast for 2019 has been revised down due to recently
announced trade measures, including the tariffs imposed on $200 billion of US
imports from China.
Growth projections have been marked down
for the euro area and the United Kingdom, following surprises that suppressed
activity in early 2018.
Click here to download full Executive Summary.
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