World Economic Prospects: Equity falls unlikely to worsen slowdown

Each month Oxford Economics’ team of 250 economists updates its baseline global economic outlook using the Global Economic Model, the only fully integrated economic forecasting framework of its kind.

November/December 2018 

  • Global growth will ease from 3.1% this year to 2.8% in 2019 and 2.7% in 2020. Recent equities sell-offs highlight financial market risks but we do not expect wider market declines.
  • We project 2019 US growth of 2.5%, buoyed by supportive fiscal policy, while the eurozone should see some year-end revival, paving the way for 1.7% 2019 growth, from 2% this year.
  • Broadly stable oil prices, easing inflation and resilient jobs markets support the outlook for next year.

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