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Global Economics Monthly Review

July, 2019


Global outlook: 


  • 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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