Marc-Antoine COLLARD, Chief Economist, Head of Economic Research, Asset Management, Europe
Global economic growth peaked at nearly 4% in 2017, then declined to 3.6% in 2018, and is expected to slow further in 2019 to 3.3%. If this pace remains reasonable, it would nevertheless be the slowest in a decade, weighed down by factors such as the escalation of trade tensions between the US and China, the disruptions in the German automotive sector, tighter credit conditions in China and the tightening of global financial conditions.
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