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Global: Middle East tensions add uncertainty to world growth.
- Source :
- Economic Outlook; Oct2024, Vol. 48 Issue 4, p44-46, 3p
- Publication Year :
- 2024
-
Abstract
- The article "Global: Middle East tensions add uncertainty to world growth" discusses how heightened tensions in the Middle East have increased downside risks to global growth forecasts, but the baseline forecast remains unchanged at 2.8% for 2025. The US has shown strong productivity growth, leading to an upward revision in the GDP growth forecast to 2.5% for 2025. China's recent data indicates a loss of momentum, prompting policy support from the People's Bank of China, but forecasts remain cautious. The oil price surge due to Middle East conflicts poses short-term risks, but the long-term outlook remains stable. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 0140489X
- Volume :
- 48
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Economic Outlook
- Publication Type :
- Academic Journal
- Accession number :
- 180504412
- Full Text :
- https://doi.org/10.1111/1468-0319.12784