Global Macro Service > Research Briefings > Global

Q4 growth slowdown: broad based but moderate

Our advanced-economy (AE) growth indicator fell again in December, reflecting ongoing weakness in the European and Asian indicators. But in contrast to the recent softer survey data, our US indicator has held steady at a solid level. This supports the view that market moves may have over-interpreted the recent soft patch of data. We still see a slowdown global and advanced economy growth, but have not revised down our forecasts since late 2018.

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