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Global: Middle East tensions add uncertainty to world growth.

Authors :
May, Ben
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