Summary of World Economic Outlook, July 2019

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World Economic Outlook, July 2019 summary
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  • Analytical
  • Overview

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In its semiannual update, the International Monetary Fund revisits its earlier projections on global growth, assessing the impacts that recent changes to the economic and geopolitical environment have made on the outlook for the economy. The IMF examines a number of issues, such as the consequences of trade problems between the United States and China, and the effect Brexit may have on growth. This succinct report will interest anyone wishing to keep up-to-date with current issues affecting the global economy.

About the Author

The International Monetary Fund advises member nations on policy issues and works to promote economic stability and well-being.

 

Summary

Momentum in global economic growth is still subdued.

Tensions between the United States and China, and concerns over Brexit have hindered global growth, particularly in the emerging economies. Although service sectors have been resilient, global manufacturing remains lackluster. Trade has softened, notably in Asia. Nonetheless, the potential for future central bank accommodation and for some improvement in the relationship between America and China has bolstered market sentiment to some degree.

In 2019 and 2020, the developing nations will grow more than ...


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