Longbrake Letter

January 2019

As was the case in 2018, above potential economic growth continues to be a global theme. However, reflecting growth deceleration in  the second half of 2018, over the course of 2019, global growth is expected to slow gradually and converge to its long-run potential level by the end of the year. Read the letter.

Above potential economic growth continues to be a global theme as global and world economies benefited during 2018 from years of easy monetary policy. Practically all economies grew above potential. However, as 2018 came to a close, global growth momentum decelerated. The slowdown was particularly notable in Europe, China, and emerging economies, particularly those dependent on exporting commodities. Read the outlook assesment.