Global Growth Expected to Continue in 2018
Global economic growth exceeded expectations in 2017, and we expect another strong year in 2018. The Citi Global Economic Surprise Index, which was well above zero for most of the second half of 2017, signaled that global economic data was exceeding expectations [Figure 1]. Drivers of strong global performance in 2017 included steady growth in the United States, better-than-expected economic data in Europe, continued positive performance from Japan, and stabilization in China following several years of deceleration.
We expect the global economy to expand at a rate of 3.7% in 2018, measured by gross domestic product (GDP). Monetar... Read more