Economics
Global Economy Hits Its Weakest Spell Since Financial Crisis
- Bloomberg Economics model says growth has eased sharply
- Slowdown may stabilize, but downside risks remain, BE says
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The global economy’s sharp loss of speed through 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago, according to Bloomberg Economics.
Its new GDP tracker puts world growth at 2.1 percent on a quarter-on-quarter annualized basis, down from about 4 percent in the middle of last year. While there’s a chance that the economy may find a foothold and arrest the slowdown, “the risk is that downward momentum will be self-sustaining,” say economists Dan Hanson and Tom Orlik.