Christian Nolting, Global CIO at Deutsche Bank, expects a moderation in global growth and are forecasting it to dip slightly to 3.6% in 2019 from an estimated 3.7% in 2018.
Key Quotes
“U.S. growth is expected to ease from 3.1% to 2.4%, with a recession seemingly still some way off. Above potential growth rates are still expected in many economies, although growth will be increasingly divergent – as usual, the U.S. will lead as Europe lags.”
“An expected fall in Chinese growth to 6% should elicit continued stimulus measures in response – a decade after the country used policy intervention to counteract the impact of the global financial crisis.”
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