By Tani Fukui, David Heslam, Doug Renwick, Alejandro Conte Grand, Felipe Perigo, David Richter, Nalini Cundapen and Chris Celio
We expect global growth to decelerate in 2019 even as the U.S. economy is expected to remain a point of strength. In our view, the changing relationship between the U.S. and China—and a potentially weaker Chinese economy—is the single most significant risk globally. Market volatility and business confidence are key risks. The Fed hiking cycle and oil price fluctuations also remain key concerns. There is generally more downside risk than upside risk to our 2019 view.
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