How much is global GDP growth slowing down in 2019?
By Dr. Leila Heckman, PhD, August 27, 2019
Below are charts which contrast average consensus GDP growth forecasts for 2018 and 2019 for the developed markets and the emerging markets. GDP 2018 forecasts were revised upward during 2017 and stabilized in mid-2018 for both developed and emerging markets. Looking at GDP 2019 forecasts for developed markets, forecasts were stable in 2018, but there has been a downward trend since the beginning of 2019. For emerging markets, GDP 2019 forecasts started to decelerate downward in 2018, and this downward trend has accelerated in 2019. Nonetheless, as of the end of July 2019, the average GDP 2019 forecasts were still positive for developed markets (at 1.7%) and emerging markets (at 2.9%). Despite the downward revisions, all markets still had positive GDP forecasts for 2019, except for Argentina and Turkey.
DISCLOSURE: The opinions expressed herein are those of DCM Advisors, LLC (“DCM”) and are subject to change without notice. This material is for informational purposes only and is not financial advice or an offer to sell any product. It should not be assumed that the investment recommendations or decisions we make in the future will be profitable. All investment strategies have the potential for profit or loss.Information was obtained from third party sources which we believe to be reliable but are not guaranteed as to their accuracy or completeness. DCM is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about DCM including its advisory services and fee schedule can be found in Form ADV Part 2, which is available upon request.