We have just published our semi-annual Big Picture including our updated economic outlook for the global economy (US, euro area, UK, Japan, China and emerging markets).
2017 is set to be the best year for the global economy since 2011 with growth of 3.6% and all regions of the world contributing.
We expect the expansion to continue in 2018, although a slowdown in China would put a small dent in the global business cycle. Continued strong consumer spending and a robust investment recovery in advanced economies are the main pillars of the global expansion.
We look for inflation to stay fairly muted and central banks to withdraw stimulus only very gradually.
Risks to our forecast are fairly balanced, though the uncertainty posed by the Italian election and NAFTA agreements could weigh negatively on the growth outlook.
To read the entire report Please click on the pdf File Below: