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Banking


"Solid Growth: Risks Rising"‎ is theme of Scotiabank Q4 Global Economic Outlook Report


Global growth remains strong, but the downside risk‎ associated with trade tensions between the U.S. and China cloud prospects for an otherwise robust economy. These findings were reported in the most recent Global Outlook report, published today by Scotiabank Economics.

"The consequences of escalating trade actions are undeniable: higher prices in China and the U.S., less purchasing power for consumers in these countries, higher input costs, heightened financial market volatility and possibly higher interest rates. These effects would likely spill over from these countries to others given that China and the U.S. account for close to 34% of global GDP when measured on a PPP basis," said Jean-François Perrault, Senior Vice President and Chief Economist at Scotiabank.

Highlights from Scotiabank's quarterly Global Outlook for October, 2018:

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Read Scotiabank's Global Outlook online

at: https://www.gbm.scotiabank.com/scpt/gbm/scotiaeconomics63/globaloutlook_4Q2018.pdf

Forecast Tables: https://www.gbm.scotiabank.com/scpt/gbm/scotiaeconomics63/forecast_20181015.pdf

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