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Global Economics Monthly Review

September 2019


Global outlook: 


  • The indicators on activity in the third quarter of the year until now (July-August) show weak activity, with an emphasis on the industrial sectors and international trade.
  • Risks to the growth forecasts remain high.  Realization of one or more of the risks may lead to an increase in volatility in the financial markets.
  • Inflation increased slightly in July, yet is likely to slightly moderate later.
  • The trend of interest rate cuts by the main central banks around the world is continuing; however, it is doubtful if these measures will help, since currently active fiscal intervention is required on the part of governments around the world, a step that has not yet been taken.
  • Expectations for a continued expansion in monetary policy, alongside moderation in growth and inflation rates, represent factors supporting a continuation in the moderate yield environment in the coming months.



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