World Economic Prospects: Slowdown persists amid mounting trade risks

Each month Oxford Economics’ team of 200 economists updates its baseline global economic outlook using the Global Economic Model, the only fully integrated economic forecasting framework of its kind.

June/July 2018

  • Mounting trade tensions and dearer oil may worsen an ongoing global slowdown. Eurozone activity is faltering and risks cloud emerging market prospects.
  • But we do not expect a sharp loss of momentum and still see only moderate deceleration in global growth.
  • We maintain our world growth forecasts at 3.1% this year and 2.9% for 2019, supported by US fiscal stimulus and healthy Chinese domestic demand.

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