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Global Economic Outlook - Home

JULY 2019

Click on the chart to browse forecasts by country and region

The 2019 growth slowdown is now visible across all regions

Through the first half of 2019, the slowdown of global growth has clearly taken hold, and we do not see an easy way back up for now. The slowdown has been extraordinary synchronized around the globe, impacting the United States, Europe, China, India and large Latin American economies, notably Brazil and Mexico. At the same time, looking at our leading economic indicators, the risk of outright recession is still low for most large economies, with the exception of the United Kingdom due to Brexit, and possibly Brazil due to high unemployment and persistent ambiguity regarding reforms. But we are also getting more concerned about the growth trajectories in Germany and Japan, which create potential downside risk to the outlook.

More broadly, the ongoing uncertainties with regard to trade disputes and other geopolitical upheavals impact in particular on business confidence. This will make companies more reluctant to deliver on large capital expenditure plans. It will also impact the outlook for the remainder of the year and – if this lingers on for much longer – also into 2020.

Note: The July 2019 update of the Global Economic Outlook 2019 does not feature a StraightTalk publication.

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Next update

The next annual revision of The Conference Board’s Global Economic Outlook is scheduled for mid-October 2019.

US – Japan Business Leaders Forum on Productivity 2019

For Productivity Dialogue Among Top Business Leaders of Japan, the US, and Germany.
April 12, 2019 | NYC
1st Business Leaders’ Forum on Productivity

Straight Talk May 2019

StraightTalk® Global Economic Outlook 2019: The Long-Term Slowdown Is Upon Us—How Should Business Respond Now?

Global Economic Outlook - Data & Methods

Abdul A. Erumban
Senior Economist

Klaas de Vries
Associate Economist