In this month's infographic, we raise our growth forecasts for 2020 but downgrade them for 2019 as we illustrate the near-term issues dragging on the economy.
Economic and Strategy Viewpoint
In our latest forecast update, we cut our 2019 global growth projection again but we still think the US and world economy will avoid recession.
Snapshot: Leading indicators suggest further weakness to come, but European risk assets are already priced for recession.
Since 1980 the yield curve has accurately predicted the last five US recessions. After nearly a decade of economic expansion, is it telling us that another one is on its way in 2019?