QNB highlights positive global economy growth despite trade disruptions

Doha: Qatar National Bank (QNB) affirmed that the outlook for the global economy remains positive despite trade disruptions, noting that the world eco...

Doha: Qatar National Bank (QNB) affirmed that the outlook for the global economy remains positive despite trade disruptions, noting that the world economy will largely remain resilient in the face of uncertainty and turbulence in global trade flows.

In its weekly report, the bank explained that at the start of this year, global economic forecasts pointed to steady growth, driven by cautious optimism.

The report highlighted several factors supporting this optimism, including interest rate cuts by major central banks, the resilience of US economic growth, cyclical recovery in China and the Eurozone, as well as a general improvement in investor confidence.

The bank noted that initial estimates suggested stable growth rates in both advanced and emerging economies compared to the previous year, supporting global growth at a rate of 3.3 percent.

However, the report said that this optimism was short-lived, as it began to shift when the new US administration started implementing strict trade policies that had implications for the global macroeconomic outlook.