This review draws primarily on the information the Fund gathers through its consultations with member countries, as well as on analysis based on econometric models maintained by the staff.

This paper presents an outlook for the world economy for 1997–98.

Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.

Conditions have eased in 2019 as the US Federal Reserve signaled a more accommodative monetary policy stance and markets became more optimistic about a US–China trade deal, but they remain slightly more restrictive than in the fall.