Global Economics Monthly Review
A slowdown is apparent in economic growth across the world in the second quarter of 2019, primarily resulting from weakness in the industrial sectors and international trade.
Risks to the growth forecast remain high. If one or more of the risks materialize, high volatility in the financial markets may return.
The inflation outlook in the OECD countries declined in May, but is not expected to moderate significantly in the future.
- It appears most of the central banks around the world (mostly the developed world) have internalized that measures will apparently be required to encourage economic activity in the near future.
- The continuation of expansionary monetary policy and forecasts of moderation in growth and inflation rates constitute factors that support a moderate yield outlook at least in the short-term
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