Prepare for a synchronised global economic slowdown in 2019
Financial Times | Wed, Dec 19, 2018
by Megan Greene
It is that time of year when, if you’ve behaved very well and eaten all your Brussels sprouts, elves deliver 2019 macro and markets outlooks to your inbox. Last year, most heralded 2018 as the year of synchronised global growth. The theme did not really pan out, as US expansion far outstripped that of most developed economies thanks to fiscal stimulus.
But what if economists were not wrong, just premature? My view is that 2019 will see global synchronisation, but not in a good way. This year economists anticipated a global acceleration in growth. I expect a synchronised slowdown in the year to come.