The Allianz Research team has won the FocusEconomics Analyst Forecast Awards 2019. The team is proud to be recognized as the most accurate forecaster for the following countries and indicators in 2018:
On May 5th, President Trump announced plans to raise tariffs on Chinese imports, arguing that current US-China talks are going too slow. On May 10th, the Trump administration announced a hike in the tariff on USD200bn of imports from China to 25% (from 10% currently).
After hitting a 10-year high in 2017, global average Days Sales Outstanding (DSO), a measure of how long it takes companies to collect cash from customers, fell by -1 day to 65 days in 2018, a sign of caution in line with the economic slowdown. As world GDP growth slows further this year, we expect DSO to reach 64 days in 2019.
India was the fastest-growing economy among G20 countries in 2018 with +7.4% GDP growth. Over the past five years, active and decisive policy-making (policy mix, structural reforms) has contributed as much as +0.7pp to growth p.a. on average.