The Forward View – Global: December 2017
A good year for the world economy as growth rises above trend.
- Global economic backdrop is the best for five years as the upturn continues and recent GDP growth rises above trend.
- Signs of welcome broadening in the expansion to include more investment spending and a lift in key emerging economies.
- Market volatility and economic policy uncertainty both lower as probability of severe “tail risk” events is marked lower.
- Labour markets tightening around big advanced economies but still little sign of a pick-up in wage inflation.
For further details, please see the attached document: