Analytical Chapters: Chapter 2: The Rise of Corporate Market Power and Its Macroeconomic Effects, Chapter 3: The Price of Capital Goods: A Driver of Investment Under Threat? Global growth is projected to reach 3.9 percent in 2018 and 2019, in line with the forecast of the April 2018 World Economic Outlook (WEO), but the expansion is becoming less even, and risks to the outlook are mounting. Global growth for 2018 is estimated at 3.7 percent, as in the October 2018 World Economic Outlook (WEO) forecast, despite weaker performance in some economies, notably Europe and Asia. The global expansion has weakened. 6 With that summary in place, we turn to … All rights reserved. © 2020 International Monetary Fund. 8. Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. Global growth is projected to rise from an estimated 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent for 2021—a downward revision of 0.1 percentage point for 2019 and 2020 and 0.2 for 2021 compared to those in the October World Economic Outlook (WEO). Global growth is projected to reach 3.9 percent in 2018 and 2019, in line with the forecast of the April 2018 World Economic Outlook (WEO), but the expansion is becoming less even, and risks to the outlook are mounting. Description: 2 Annexes, boxes, charts, and an extensive statistical appendix augment the text. Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The adverse impact on low-income households is particularly acute, imperiling the significant progress made in reducing extreme poverty in the world since the 1990s. Description: Global growth is projected to rise from an estimated 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent for 2021—a downward revision of 0.1 percentage point for 2019 and 2020 and 0.2 for 2021 compared to those in the October World Economic Outlook (WEO). Summer 2020 Economic Forecast: A deeper recession with wider divergences The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels. The global expansion has weakened. Statement on Monetary Policy – August 2020 6. Macroeconomic projections aim to predict and understand the future state of the economy on a broad scale. Description: The regional economy is forecast to recover well in 2021 from this year’s sharp contraction. However, the resurgence of the pandemic in recent weeks is resulting in disruptions as national authorities introduce new public health measures to limit its spread. In a baseline scenario--which assumes that the pandemic fades in the second half of 2020 and containment efforts can be gradually unwound—the global economy is projected to grow by 5.8 percent in 2021 as economic activity normalizes, helped by policy support. World Economic Outlook, October 2019: Global Manufacturing Downturn, Rising Trade Barriers, World Economic Outlook Update, July 2019: Still Sluggish Global Growth, World Economic Outlook, April 2019: Growth Slowdown, Precarious Recovery, World Economic Outlook Update, January 2019: A Weakening Global Expansion, World Economic Outlook, October 2018: Challenges to Steady Growth, World Economic Outlook Update, July 2018: Less Even Expansion, Rising Trade Tensions. It is not a matter of simply pulling a switch that turns on the lights. Description: After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies. Momentum in manufacturing activity, in particular, has weakened substantially, to levels not seen since the global financial crisis.

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