The Global Economy and the Euro Area: Uncertainty Weighing on World Trade and Industry

Michelsen, Claus; Baldi, Guido; Dany-Knedlik, Geraldine; Engerer, Hella; Gebauer, Stefan; Rieth, Malte; Schlaak, Thore (2019). The Global Economy and the Euro Area: Uncertainty Weighing on World Trade and Industry. DIW Weekly Report, 9(37), pp. 328-329. DIW Berlin Deutsches Institut für Wirtschaftsforschung e.V. 10.18723/diw_dwr:2019-37-2

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The ongoing trade conflicts initiated by the US and the uncertainty surrounding Brexit are negatively affecting the global economy. Global trade and investment activity, and thus in many places industrial output, are the areas most impacted. Consumption, however, is continuing to support the economy in many countries. DIW Berlin is expecting global GDP to grow to 3.7 percent this year and to slightly less in the following two years. Serious risks are weighing on the outlook, as the trade conflicts could continue to escalate and spread to the EU and the likelihood of a no-deal Brexit has increased.

Item Type:

Newspaper or Magazine Article

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Economics

UniBE Contributor:

Baldi, Guido

Subjects:

300 Social sciences, sociology & anthropology > 330 Economics

ISSN:

2568-7697

Publisher:

DIW Berlin Deutsches Institut für Wirtschaftsforschung e.V.

Language:

English

Submitter:

Dino Collalti

Date Deposited:

29 Apr 2020 17:08

Last Modified:

29 Apr 2020 17:08

Publisher DOI:

10.18723/diw_dwr:2019-37-2

Additional Information:

DIW Economic Outlook / World Economy

BORIS DOI:

10.7892/boris.138732

URI:

https://boris.unibe.ch/id/eprint/138732

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