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In a situation with already elevated inflation, the war in Ukraine and the zero-covid policy in China have led to additional upward pressures on prices and reinforced the global supply chain problems. Real wages are declining in many countries, dampening personal consumption expenditures even...
Persistent link: https://www.econbiz.de/10013272051
The global economy is losing steam. After a weak start in the beginning of this year, world production accelerated … 2020 world output is expected to rise by 3.4 percent. Despite the gradual global economic slowdown, capacity utilization in …
Persistent link: https://www.econbiz.de/10012060516
World economic growth is moderating accompanied by a broad-based deterioration in economic sentiment. Following a … development. We expect the global economy to expand at a rate of 3.7 percent this year, followed by 3.4 next year. This is a … to expect world production to increase by 3.4 percent. The escalation of trade conflicts, the possibility of a “hard …
Persistent link: https://www.econbiz.de/10012060521
World economic growth has picked up from the sluggish pace registered at the start of the year. We expect global growth …
Persistent link: https://www.econbiz.de/10012061456
The global economy held up better than expected in the face of the inflation shock and the massive tightening of …
Persistent link: https://www.econbiz.de/10014448401
In spring 2022, world economic growth came to a standstill amid high inflation, persistent supply bottlenecks and … economy has deteriorated further. We have, again, lowered our forecast and are now expecting global output to increase by only …
Persistent link: https://www.econbiz.de/10013435471
The global economy has expanded at a moderate pace so far this year. Meanwhile, the previously pronounced differences … States lost momentum, the economy in Europe picked up noticeably after a period of stagnation. At the same time, there are … sluggish. Against this backdrop, growth in world trade in goods resumed. The moderate global economic expansion is likely to …
Persistent link: https://www.econbiz.de/10014577736