GCIOSGF Newsletter 會訊:
Each month Oxford Economics’ team of 300 economists and analysts updates our baseline forecast for 200+ countries using our innovative Global Economic Model. Fully linking individual country models through global assumptions about trade volume and prices, competitiveness, capital flows, interest and exchange rates, and commodity prices, our model provides a rigorous and consistent structure for forecasting and understanding the impact of economic shocks. Below is just the top-level summary of our analysis of the latest economic developments.
- We have nudged up our global GDP growth forecast for 2022 very slightly from 3.0% to 3.1%, but this only reverses a fraction of the downgrades in recent months. By contrast, we have downgraded next year’s forecast by 0.1pp to 3.0%.
- Global GDP growth in Q2 is likely to have been lacklustre for a second-quarter running as a result of disruptions due to the Ukraine war, the real income squeeze on households and Covid-related activity restrictions in China.
- Nonetheless, we remain confident that the growth picture will improve in the second half of the year.
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