Chapter 1: Global Prospects and Policies
Author:
International Monetary Fund. Research Dept.
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Language:
English
Print Publication Date:
09 Apr 2019
Keywords:
WEO; economy; emerging market; capital goods; area economy; financial market sentiment; net lending; advanced economy; debtor economy; inflation expectation; commodity exporter; debt transparency; Trade balance; Emerging and frontier financial markets; Tariffs; Plurilateral trade; Global; Middle East; North Africa; Sub-Saharan Africa; Asia and Pacific

Abstract

Following a broad-based upswing in cyclical growth that lasted nearly two years, the global economic expansion decelerated in the second half of 2018. Activity softened amid an increase in trade tensions and tariff hikes between the United States and China, a decline in business confidence, a tightening of financial conditions, and higher policy uncertainty across many economies. Against this global backdrop, a combination of country- and sector-specific factors further reduced momentum. After peaking at close to 4 percent in 2017, global growth remained strong, at 3.8 percent in the first half of 2018, but dropped to 3.2 percent in the second half of the year.

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Cover World Economic Outlook, April 2019
World Economic Outlook, April 2019
Growth Slowdown, Precarious Recovery
ISBN:
9781484397480
ISSN:
0256-6877
Publication Date:
09 Apr 2019
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484397480.081
Pages:
216