Risks to the outlook for the Euro area economy
The Euro area economy contracted sharply in 2020 due to the outbreak of the pandemic, but has experienced a strong recovery in 2021.
Read MoreChina to enact policy easing due to fears of a sharper slowdown
Despite the recent concerns about the Covid-19 Omicron variant, the global economic recovery remains strong and activity indicators in most advanced economies are comfortably within expansion territory. In fact, a strong recovery, along with inflationary pressures,
Read MoreHeadwinds to the outlook for economic growth in ASEAN-5
Since the outbreak of the pandemic, the majority of countries in emerging Asia had been able to overcome its effects better than the rest of the world in 2020 thanks to effective social distancing, contact tracing and border control measures. Nevertheless, due to a slow start and progress of the vaccination roll out, this region was more vulnerable to new virus variants in 2021.
Read MoreA Covid-19 surge in Northern Europe to become an economic headwind
Since the outbreak of the pandemic, the majority of countries in emerging Asia had been able to overcome its effects better than the rest of the world in 2020 thanks to effective social distancing, contact tracing and border control measures. Nevertheless, due to a slow start and progress of the vaccination roll out, this region was more vulnerable to new virus variants in 2021.
Read MoreIs the global manufacturing recession coming to an end?
The global economy has clearly slowed over the last couple of years. During this period, global manufacturing led the way in creating demand weaknesses, eventually pushing the more resilient service sector with it.
Read MoreGlobal interest rates will be lower for longer to support growth
The global economy is sailing into headwinds, the most obvious of which is the trade war between the US and China. This has in-turn forced central banks across the world to ease monetary policy to support economic growth.
Read MoreUS Fed cut rates again and signals a pause for breath
The US Federal Reserve (Fed) has decided to cut rates for the third time this year at its latest monetary policy meeting in October 29-30th. The target range for the benchmark fed funds rate was adjusted down by another 25 basis points (bps) to 1.5-1.75%.
Read MoreBank Indonesia cut policy rates further to support economy
Bank Indonesia (BI), the central bank of Southeast Asia’s largest economy, decided to cut rates further by 25 basis points (bps) to 5% in its latest monetary policy meeting. The decision was in line with market expectations and amounted to the fourth rate cut since July this year.
Read MoreGlobal growth is slowing and the strength of the recovery is uncertain
In its latest World Economic Outlook (WEO), the International Monetary Fund (IMF) forecasts a synchronized slowing in the growth rate of global economic activity (GDP) to 3.0% in 2019 from 3.6% in 2018. Indeed, the IMF has been steadily revising down its estimates and forecasts for global GDP growth over the past year (see chart).
Read MoreWas this information helpful?