Jan Van Hove
Uncertainty weighs on resilient global economy
The macroeconomic performance of the global economy remains
structurally strong despite the volatility on financial markets.
Global economic growth is weakening, with the exception of the strong
US business cycle, but economic expansion continues. Nevertheless, the
risks have increased in number and nature. Some potential risk factors
are particularly disruptive. They include a further escalation of the
trade war, a hard brexit and the growing global debt mountain. The
current tensions between the Italian government and the European
Commission indicate that the European construction is incomplete and
that the search for a common European vision is a major challenge. The
further normalisation of monetary policy heralds a new economic era in
which the protection and stimulus of central banks is gradually
disappearing. At the same time, the global economy faces major
structural challenges: embracing the technological revolution and
translating it into productivity growth, tackling the demographic
transition, further reforming and modernising labour markets and
searching for new growth recipes.
In these uncertain times, the international team of economists with
the KBC Group wants to assist you with new insights. This new website
shows you our economic vision on the current economic situation in a
clear way. Enjoy reading!