Global Economy Back to ‘Normal’ After 2017's Upside Surprises
- Most G7 nations forecast to maintain pace of growth in 2018
- Central banks to step up removal of crisis-era measures
Javelin's Davies Says Markets Look Positive in 1H of 2018
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The global economy found its post-crisis footing in 2017, with most major developing economies surprising on the upside.
Comparing 2017 predictions made a year ago versus the likely outturn -- based on the latest forecasts in Bloomberg’s monthly survey -- shows that the pessimists called this one wrong. One of the biggest surprises was the euro area, set for its strongest expansion in a decade. At 2.3 percent, the expected growth is far above the 1.4 percent pace predicted at the start of the year.