Economic Outlook

Erste Group
By January 13, 2020 12:42

Economic Outlook

Global economy – recovery should take hold in the first half of 2020

The preconditions for a recovery of the global economy in 2020 have significantly improved due to the following factors:

– economic policy uncertainty has decreased;

– the central banks of the largest economic areas have adopted noticeably easier monetary policies in 2019;

– leading indicators on the global level already pointed to an upswing in economic activity in the 4th quarter of 2019.

In view of trade barriers remaining in place, we initially expect just a slow, gradual recovery of the global economy.  

Erste Group
By January 13, 2020 12:42

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