BoAML expects global GDP growth to slow next year

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Experts at Bank of America Merrill Lynch expect in 2019 a slowdown in global GDP growth to 3.6% from 3.8% this year. According to them, this could lead to a reduction in energy demand and lower oil prices. However, they do not expect a significant drop in oil prices. Experts believe that the average price of Brent will be at $70 per barrel, and WTI - at $59 per barrel. The bank’s forecast for the next year supposes a decline in the S&P 500 stock index and an increase in inflation in the United States. Tensions associated with Brexit and disagreements with Italy will remain in the European economy. Experts expect further cuts in Germany and Japan. They also predict a new round of the US-Chinese trade war, since, in their opinion, a truce of commerce will not bring the desired results.

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