8 January 2019
Monthly Economic Update
Every month, our economists study the macroeconomic situation. They analyse the events that have had an impact in recent months, and discuss possible consequences.
Overdoing the gloom
2019 is starting on a downbeat note, as further signs of a global slowdown continue to fuel a flight-to-safety in the markets. However, while growth is unlikely to match the favourable surprises of early 2018, the gloom may be overdone. Much rests on politicians and policymakers taking steps to prevent the equity market sell-off from becoming a self-fulfilling prophecy.