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In the past few months the global economy has moved into slower growth territory—somewhat faster than we had anticipated, but as we predicted back in November, not in recessionary territory (with some exceptions, notably some European economies – Italy and the UK). Central banks have indicated they will stay easy on monetary policy. Still, there is no shortage of risks, and crisis triggers such as trade disputes or Brexit are becoming of greater concern in a slowing growth environment. Our latest update on the global outlook for 2019 can be downloaded here.