ABSTRACT

Global Economy: Is Slower Growth Ahead? [April 5, 2019]   [open pdf - 666KB]

From the Document: "Recent economic forecasts project a mild slowing in global economic growth in 2019, centered mostly in developed economies and Asia, according the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD), as indicated in Table 1. The IMF forecasts global economic growth in 2019 and 2020 of 3.5% and 3.6%, respectively, down about 0.2 percentage points (pp) from previous forecasts. It also forecasts global trade growth of about 4%, and a fall in energy prices of more than 14%. Successive forecasts for global economic growth rates may be lower, based on additional data. The OECD is forecasting that global growth will slow to 3.3% in 2019 and 3.4% in 2020, also a decline of about 0.2 pp from previous projections."

Report Number:
CRS Insight, IN11092
Author:
Publisher:
Date:
2019-04-05
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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