Jakob Ekholdt Christensen explains
Highlights from the big picture
- The growth momentum in global economy will continue to moderate towards its potential growth rate, but a recession is not around the corner.
- A trade agreement between China and the US is likely in mid-2019.
- Monetary policy outlook will continue to divert with the US seeing further tigthening while Europe and Japan will proceed more cautiuosly given the muted inflation pressures.
- Political risks from Brexit and Italy will continue to dominate headlines but the economic impact should stay muted.