The World Economy: Synchronized Slowdown, Precarious Outlook

IMF Blog, October 14, 2019

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Bibliographic details

• Published: October 14, 2019

Overview

• Author: Gita Gopinath
• Date: October 14, 2019
• Key statement: "The global economy is in a synchronized slowdown and we are, once again, downgrading growth for 2019 to 3 percent, its slowest pace since the global financial crisis."

Major findings

• Global growth for 2019 downgraded to 3 percent.
• Growth described as the slowest pace since the global financial crisis.
• Growth continues to be weakened by rising trade barriers and increasing geopolitical tensions.

Framing and risks

• The global economy is characterized as being in a "synchronized slowdown."
• The outlook is described as "precarious" due to the identified downside forces (rising trade barriers; increasing geopolitical tensions).

Source: The World Economy: Synchronized Slowdown, Precarious Outlook — IMF blog (October 14, 2019).