Quarterly economic forecasts for the main developing and emerging countries.

Sustained growth, but past the sweet spot

The world economy is on track to reach 3.8% growth in 2018, marginally up from the 3.7% recorded in 2017, on the back of a fiscal impulse in the United States, and faster demand growth in commodity-exporting countries. While shifting toward a domestic consumption-driven economy, China’s economic growth is slowing down but remains a key driver of the global expansion.

Download the scenario

Economic analysis.

Monetary Policy

Monetary Policy: back to normal?

The 2008 financial crisis witnessed unprecedented policy responses from the world’s major central banks. Main central banks cut their policy rate to near 0%, exhausting the conventional monetary options. Then, to further ease financial conditions, they started to design a variety of unorthodox monetary policy tools commonly labelled as “unconventional monetary policies”. These have included “lower-for-longer” forward guidance on the short-term rate, large-scale asset purchases, large-scale liquidity provis.

Download the econote

Trade globalisation: going into reverse?

Globalisation has been the dominant force in the development of the world economy in the post-Cold War era, making the world’s economies more interconnected and more inter-dependent than ever before. This wave of globalisation is the second in the past 200 years. The first wave began in the first half of the 19th century, powered by a combination of technological breakthroughs and liberal trade policy in continental Europe. It collapsed when the Great Depression of the 1930s led to a widespread retreat into protectionism.

Download the econote

More EcoNote studies

04/2017 - Italy: companies' difficulties are hampering investment and growth potential

03/2017 - “Super-aged” nations and inflation: case studies

12/2016 - Housing in Europe: are there any overheated markets?

11/2016 - Population aging: Risk of deflation or inflation?

11/2016 - Emerging markets’ external debt: it’s the same old song?

09/2016 - US public debt: towards more domestic and private financing

07/2016 - China: assessing the global impact of a Chinese slowdown

06/2016 - France: A private sector in better financial health, despite higher debt

03/2016 - A world without inflation

09/2015 - Low interest rates: the "new normal"?

03/2015 - Euro zone: in the grip of ‘secular stagnation’?

02/2015 - Emerging oil producing countries: which are the most vulnerable to the decline in oil price?

01/2015 - Germany: Not a “bazaar” but a factory!

09/2014 - Euro zone: is the crisis over?

05/2014 - Eurozone: corporate financing via market, an uneven development

01/2014 : Ireland: End of the bailout program - Now what?

12/2013 - The euro zone: Falling into a liquidity trap?

11/2013 - Rising public debt in Japan: how far is too far?

09/2013 - Netherlands: at the periphery of core countries

06/2013 - US: Becoming a LNG exporter

06/2013 - France: Why has the current account balance deteriorated for more than 10 years?

05/2013 - US energy independence

04/2013 - Developed countries: who holds public debt?

04/2013 - China: the growth debate

04/2013 - China: housing property prices: failing to see the forest for the trees

02/2013 - Financing governments debt: a vehicle for the (dis)integration of the eurozone?

Subscribe to the Economic studies series