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Global Economics Monthly Review

January 2020

  • Global economic growth is expected to gradually recover in the second half of 2020 and throughout 2021, deriving primarily from the emerging markets.
  • The risks to the growth forecasts remain relatively high.
  • Inflation increased in November 2019, but is expected to remain moderate throughout 2020 in most developed countries.  In light of this, monetary policy around most of the world is expected to remain expansionary.
  • Bond yields are likely to climb somewhat during 2020, with the expected improvement in economic activity.




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