Global Macro Service > Global Macro Themes And Asset Views Chartbooks

Global Macro Themes and Asset Views Chartbook, September 2019

In our global macro chartbook for September, we summarise our views on current global themes and asset markets, and link to our research highlights over the last month. We forecast that world GDP this year and next will be the weakest of the post-crisis period, both at 2.5%.

We highlight our research on why we are not predicting a global recession and the case for non-monetary policy tools to avoid a substantial slowdown. We examine the why we believe there is plenty of room for a fiscal response as the world economy slows and the effectiveness of monetary policy has diminished.

We also go into detail on the impacts of the latest tariffs between the US and China, how China has risen up through the value chain and will continue to do so, and why an Argentina default will be similar, if not worse, than what happened in Ukraine.

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