Forecast assumptions : International economy and external assumptions
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201807061695
The global economy is still growing strongly, but there are already small signs that the growth rate is levelling off. Growth is still sustained by the effects of the accommodative fiscal policy in the United States and brisk growth in emerging economies. The rising oil price has boosted the economies of oil-producing countries for almost a year. All the while, concerns over the rise of protectionism have increased uncertainty. The growth prospects for the euro area remain good, although the first quarter of 2018 turned out weaker than anticipated – probably due to temporary factors. It is possible that the euro area has reached the peak of the business cycle and growth rates will rise no further. Slower growth in the euro area in 2019 has long been included in the predictions of several major forecasters.
Issue: Economic outlook