World Economic Outlook

World Economic Outlook, April 2019: Growth Slowdown, Precarious Recovery

April 9, 2019

Download PDF

Preview Citation

Format: Chicago

World Economic Outlook, April 2019: Growth Slowdown, Precarious Recovery, (USA: International Monetary Fund, 2019) accessed November 21, 2024

Summary

After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies. China’s growth declined following a combination of needed regulatory tightening to rein in shadow banking and an increase in trade tensions with the United States. The euro area economy lost more momentum than expected as consumer and business confidence weakened and car production in Germany was disrupted by the introduction of new emission standards; investment dropped in Italy as sovereign spreads widened; and external demand, especially from emerging Asia, softened. Elsewhere, natural disasters hurt activity in Japan. Trade tensions increasingly took a toll on business confidence and, so, financial market sentiment worsened, with financial conditions tightening for vulnerable emerging markets in the spring of 2018 and then in advanced economies later in the year, weighing on global demand. Conditions have eased in 2019 as the US Federal Reserve signaled a more accommodative monetary policy stance and markets became more optimistic about a US–China trade deal, but they remain slightly more restrictive than in the fall.

Subject: Emerging and frontier financial markets, Financial markets, International trade, Labor, Labor share, National accounts, Plurilateral trade, Tariffs, Taxes, Trade balance

Keywords: Advanced economy, Area economy, Asia and Pacific, Capital goods, Caribbean, Commodity exporter, Debt transparency, Debtor economy, Economy, Emerging and frontier financial markets, Emerging market, Emerging market economy, Financial market sentiment, Firm markup, Global, High-markup firm, Inflation expectation, Labor share, Middle East, Net lending, North Africa, North America, Plurilateral trade, Relative price, Sub-Saharan Africa, Tariffs, Trade balance, Trade cost, WEO

Publication Details

  • Pages:

    216

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    World Economic Outlook No. 2019/001

  • Stock No:

    WEOEA2019001

  • ISBN:

    9781484397480

  • ISSN:

    0256-6877

Supplemental Resources