Worries about the global economy percolate even as equities around the world rise, but an economist at Ned Davis Research says the worst of it may be over.
“We might be getting signs of a global economic recovery in the second half of the year,” Grindal said at the Ned Davis Research annual investment conference in Boston. “At least it’s sort of giving you some rays of light.”
Grindal’s comments follow the International Monetary Fund decreasing its 2019 growth outlook to 3.3%, which would be the lowest since the financial crisis, from 3.5%. In its report, the IMF highlighted risks such as the potential of increasing trade tensions as well as tighter monetary policy from the Federal Reserve.