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Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP


Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP

Report summary

It has been a tumultuous nine months for the global economy. Key economies have experienced contraction - both developed and developing. China's economy has slipped to its lowest growth in 25 years. And monetary policy has started to diverge, significantly. While commodity prices crashed, the US dollar hit a nine year high. How do we make sense of the events over the past nine months and assess the impact on the global economy? 

What's included?

This report includes 1 file(s)

  • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP PDF - 3.25 MB 12 Pages, 0 Tables, 13 Figures

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • Making sense of a tumultuous nine months
  • QE, commodity prices and exchange rates are inter-connected
  • Crude oil price shock: impact on the real economy?
  • Trade balance implications are significant
  • But only part of the benefit is reaching the consumer...
  • European consumers enjoy less pump savings vs USA peers
  • Resource states have been a key engine of US GDP growth. What now?
  • Upstream oil and gas capex and employment is falling
  • China: on a path of managed economic slowdown
  • Policy a critical driver of growth: risk around scale and scope of measures
  • China's drivers of growth are changing over the longer-term
  • The pace of global growth will be determined by USA and China
  • Risks to the outlook

In this report there are 13 tables or charts, including:

  • Making sense of a tumultuous nine months
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 1
  • QE, commodity prices and exchange rates are inter-connected
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 2
  • Crude oil price shock: impact on the real economy?
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 3
  • Trade balance implications are significant
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 4
  • But only part of the benefit is reaching the consumer...
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 5
  • European consumers enjoy less pump savings vs USA peers
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 6
  • Resource states have been a key engine of US GDP growth. What now?
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 7
  • Upstream oil and gas capex and employment is falling
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 8
  • China: on a path of managed economic slowdown
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 9
  • Policy a critical driver of growth: risk around scale and scope of measures
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 10
  • China's drivers of growth are changing over the longer-term
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 11
  • The pace of global growth will be determined by USA and China
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 12
  • Risks to the outlook
    • Q2 2015 Macroeconomics update: Effects of oil price shock, China slowdown and QE unwind on global GDP: Image 13
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