Published on Friday, March 1, 2019 | Updated on Tuesday, March 5, 2019
Global | Slowdown continued in December but a possible recovery in 1Q19 seems likely
Summary
Global growth saw a slight sequential pick up in 4Q18 (BBVA-GAIN: 0.8% QoQ), signaling stabilization, but still at weak levels and trending lower. Eurozone and China continue to lose steam, while the US shows early signs of stress. Slowdown led by industry while services remain resilient. The later faces rising risk of spillover effect. Risks remain tilted to the downside.
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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