GLOBAL GROWTH LIKELY SLOWER IN Q3, MODEST REBOUND IN Q4 POSSIBLE

Countries which have so far released Q3 GDP data account for about half of world GDP, using IMF purchasing power parity (PPP) weights. Based on these data, global real GDP growth in Q3 edged slightly higher to 3.2% year-on-year (yoy) from 3.1% yoy in Q2 (see Figure 1), according to my estimates.

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