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Downside risks seen in 5 major economies this year and next: SMU survey

Kok Xinghui
Kok Xinghui • 4 min read
Downside risks seen in 5 major economies this year and next: SMU survey
(Sept 11): How will the five largest economies in the world perform over the next few years? If there is a surprise to the GDP growth forecasts for this year and next, survey participants expect that to be tilted to the downside.
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(Sept 11): How will the five largest economies in the world perform over the next few years? If there is a surprise to the GDP growth forecasts for this year and next, survey participants expect that to be tilted to the downside.

This will be followed by a more balanced growth environment in 2021. But participants seemed to lean toward a more balanced risk assessment on headline inflation from 2019 through 2021, with the exception of the Euro Area, where a modest majority view greater disinflationary risks in 2019 and 2020.

These were among the results of the inaugural Big5 survey released on Wednesday morning by David Fernandez, Director of the Sim Kee Boon Institute (SKBI) for Financial Economics at the Singapore Management University (SMU), and Thomas Lam, Principal Researcher at SKBI.

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