Global Economic Outlook Remains Strong on U.S. Growth Prospects
We believe that the global growth story will continue in 2018, with an expectation of 3.8% gross domestic product (GDP) growth for the world economy, thanks to new fiscal policies and improved business vitality. We continue to expect the U.S. economy to remain a primary driver, aided by the anticipated growth trajectory of emerging markets, while Europe and Japan may lag. Primary risks include an unexpected rise in inflation, a substantial increase in trade friction, or a policy mistake [Figure 1].
U.S. Economy Primed for Better Growth
The U.S. economy grew at a rate of 2.0% in the first quarter, in line with the... Read more