Global Economic Prospects: A solid 2019 as market falls overstate loss of momentum

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.

 January 2019  / February  2019

  • Recent market upsets suggest heightened concern over a substantial global slowdown or even a recession.
  • We see this as an over-reaction to weakening data. Downside risks have risen, but our 2019 forecast is little changed at 2.7%, from 3% in 2018.
  • While tighter financial conditions will pinch growth, jobs market strength and weaker inflation, driven by cheaper oil, point to solid household spending. But sustained market weakness would risk global growth below post-crisis lows.

Fill out the form to download the free executive summary of our global economic forecast.

Download free report