The September 2019 edition of the Economic Update presents the current economic environment across the globe and the outlook by Atradius Economic Research
- Global – Global economic growth is forecast to slow to 2.6% in 2019 from 3.2% in 2018, amid ongoing trade tensions and oil price volatility.
- Eurozone – Despite GDP growth shifting down a gear this year, the labour market continues to recover and wage growth is firming.
- Advanced Markets – The US economy is still strong, but trade policy is increasingly dragging on the outlook. Brexit uncertainty continues to weigh on UK growth.
- Emerging Markets – Growth edging slightly lower in 2019, with trade tensions between the US and China continuing to cloud the outlook.
- Credit and insolvencies – The global insolvency outlook has deteriorated further, with a 2.8% increase currently expected in 2019.
- Table: Macroeconomic indicators for key markets
