“Growth is slowing everywhere, but it is far too soon to run for the exits. Barring a policy or other type of shock, the world economy is likely to muddle along for at least another year.” This is the conclusion of the January Forecast Flash from Global Insight by IHS Markit from Chief Economist Nariman Behravesh and Sara Johnson, Executive Director, Global Economics. The full report follows: The danger of a global economic downturn has risen, but the probability of a recession in 2019 is still low. After a brief spurt in 2017 and 2018, growth in the G7 economies is reverting to trend, and emerging markets are unlikely to come to the rescue. This process is likely to be […]
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