Published on Friday, April 12, 2019 | Updated on Friday, April 26, 2019
Global | Lower global growth in 2019, but still soft landing due to policy measures
Summary
We lower our 2019 global growth forecast to 3.4% from 3.5% due to persistent idiosyncratic factors, particularly in the Eurozone, and higher uncertainty driven mainly by trade protectionism and Brexit. However, further monetary policy accommodation and policy easing measures by China would favour a soft landing.
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Authors
SD
Sumedh Deorukhkar
BBVA Research - Senior Economist
PE
Pedro Ezquiaga
RF
Rodrigo Falbo
BBVA Research - Principal Economist
AG
Agustín García
BBVA Research - Principal Economist
MJ
Miguel Jiménez
BBVA Research - Lead Economist