Economic Policy

Economic Outlook: Woes and Foes

In the year ahead, there is a great amount of uncertainty surrounding global growth with the outlook for 2019 looking dim. The United States' moves to increase interest rates along with looming trade tensions will have a large impact on how global economies shape up throughout the year.

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2018 marked ten years from the 2008 financial crisis and a rocky year for politics. At the end of 2018, the US financial markets saw a bumpy end, indicating that ten years post the financial crisis does not mean that the global economy has completely recovered and will continue to grow. In fact, most sources indicate the complete opposite. According to the World Bank, global growth is expected to decelerate over the next two years, while growth in emerging markets and developing economies is expected to plateau- reaching 4.7% in the next two years compared to 4.5% in 2018. Financial analysts and economists have speculated that the outlook for global growth does in fact look dim in 2019. With both the U.S. China Trade War and tightening financial conditions, i.e. sell-off in global equities or a rise in government bond yields, 2019 promises to be a bumpy year for the economy.

For the complete analysis, read the full report here.

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