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LATEST GLOBAL OUTLOOK
December / January 2019

  • The world economy will end 2018 on a soft note. But we expect the expansion to regain momentum in 2019, with 2.8% global growth after 3.0% for 2018.
  • The US and China will slow simultaneously next year. However, US growth is still set to stay above trend, bolstered by fiscal stimulus, while activity in China will be underpinned by policy moves.
  • Weaker oil prices and, from mid-2019, a boost to trade and EMs from a weaker dollar are also set to support growth prospects.
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  • Oxford Economics' view of perky 2019 prospects for the #globaleconomy is highlighted in SAP's C-suite blog looking at key priorities and trends for CFOs in the coming year: bit.ly/2BxmrFx

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  • A #no-deal #Brexit would cause a 5% drop in UK outbound travel and #tourism trips in 2020, because of a stifled economic backdrop and impact of a weaker pound. #Ireland and #Spain would be the hardest hit from fewer UK visitors, we find: bit.ly/2BGBi0H