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Snapshot - Strategy & economics

Janet Mui: 2019 second quarter update

Central banks are becoming more supportive as trade tensions persist and global growth continues to slow.

09/07/2019

Janet Mui

Janet Mui

Global Economist

  • Global central banks have become increasingly accommodating amid signs of slowing global growth and trade tensions
  • The Federal Reserve is expected to cut rates this year, while the ECB is exploring monetary policy easing options
  • Growth will continue to slow in the second half of 2019 but we do not expect a recession
  • US-China conflicts will re-emerge later this year as underlying tensions over trade and technology remain, despite the recent truce

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