Fed concerned about slowing Global Growth
Following on from the Federal Reserve's comments on slowing global growth earlier, here are some global growth projections that I have come across. It seems like most folks are predicting a coming slow down in the Global economy.
World Bank
Global growth is expected to edge down over the next two years, as global slack dissipates, trade and investment moderate, and financing conditions tighten. In EMDEs, growth in commodity importers is expected to remain robust, while the rebound in commodity exporters is projected to mature. Risks to the outlook are tilted to the downside, including the possibility of disorderly financial market movements, escalating trade protectionism, heightened policy uncertainty, and rising geopolitical tensions. EMDE policymakers need to rebuild monetary and fiscal policy buffers and boost potential growth by promoting competitiveness, adaptability to technological change, and trade openness.
OECD (Organisation for Economic Co-Operation and Development)
The OECD said it was cutting its 2018 forecast by 0.1 percentage points and its 2019 forecast by 0.3 points.
IMF International Monetary Fund
The IMF said in an update to its World Economic Outlook it was
now predicting 3.7 percent global growth in both 2018 and 2019, down from its July forecast of 3.9 percent growth for both years.
