Signs of a potential global recession are appearing, such as a fall in fixed investment and industrial production and a build-up in unwanted inventories. We are revising down our world growth forecast. The effects of a negative shock dating back to early 2018 are still being propagated throughout the world economy. Sentiment was the first to be hit, but there have been increasing signs of a marked slowdown in hard data...
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Signs of a potential global recession are appearing, such as a fall in fixed investment and industrial production and a build-up in unwanted inventories. We are revising down our world growth forecast.The effects of a negative shock dating back to early 2018 are still being propagated throughout the world economy. Sentiment was the first to be hit, but there have been increasing signs of a marked slowdown in hard data as well. In particular, fixed investment in advanced economies plunged...
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The escalation in trade tensions, the dimming of global growth prospects and a surge in US export capacity have pushed us to lower our oil forecasts. The recent plunge in prices suggests that oil is acting like a leading indicator of global economic growth, reflecting investors’ concerns that lasting trade disputes will dent future growth and risk pushing the world economy into recession. Business sentiment has been...
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The escalation in trade tensions, the dimming of global growth prospects and a surge in US export capacity have pushed us to lower our oil forecasts.The recent plunge in prices suggests that oil is acting like a leading indicator of global economic growth, reflecting investors’ concerns that lasting trade disputes will dent future growth and risk pushing the world economy into recession.Business sentiment has been deteriorating for some time. By May, the world Purchasing Manager Index for...
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