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    Prospects and Risks for the Global Economy in 2019

    Akram, Tanweer | October 2019
    Abstract
    The pace of global economic growth has slowed down in 2019. The slope of the United States (US) Treasury securities yield curve has become flatter. This is raising concerns about the risks of a global economic recession. The US and People’s Republic of China have been the twin engines of global economic growth. Economic performance in both advanced countries and emerging markets is slowing. The US economy is expanding at a moderate pace. However, the recovery in the eurozone is stalling, while Japan faces protracted low inflation. The outcome of Brexit for the United Kingdom economy is uncertain. Monetary authorities in the US and eurozone have eased their target rates and other policies. In emerging markets, there is a clear divergence in performance. Risks to the global economy are tilted to the downside. There are several key long-term challenges for the world economy. This paper analyses current conditions in the global economy. It also examines the near-term risks and long-term challenges to the global economy. It proposes some policy actions to address the downside risks and long-term challenges.
    Citation
    Akram, Tanweer. 2019. Prospects and Risks for the Global Economy in 2019. © Centre for Policy Dialogue. http://hdl.handle.net/11540/11303.
    ISSN
    2225-8175 (Online)
    2225-8035 (Print)
    Keywords
    Economic Crisis
    Economic Efficiency
    Economic Policies
    Regional Economic Development
    Job Evaluation
    Evaluation
    Macroeconomic
    Macroeconomic Analysis
    Performance Evaluation
    Impact Evaluation
    Economic Welfare
    Economic Incentives
    Economic Efficiency
    Economies in transition
    Economic agreements
    Social condition
    Economic dependence
    Economic assistance
    Crisis
    Unemployment
    Economic cooperation
    Gross domestic product
    Employment
    Economic forecast
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Financial crisis
    Labor economics
    Regional economics
    Turnover
    Economic survey
    Job analysis
    Labor turnover
    International relief
    Exports
    Economic development projects
    Economic policy
    Economic forecasting
    Wages and labor productivity
    Efficiency wage theory
    Income Distribution
    Online
    Digital
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/11303
    Metadata
    Show full item record
    Thumbnail
    CPD-Working-Paper_130_Prospects-and-Risks-for-the-Global-Economy-in-2019.pdf (1.702Mb)
    Author
    Akram, Tanweer
    Theme
    Economics
    Development
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise