Economics
Global Growth Expected to Remain Robust Through 2019, IIF Says
- IIF upgrades global growth forecast for 2018 by 0.2pp to 3.5%
- Strong U.S. growth seen as key driver of upward revision
IMF Says World Growth Is Poised to Slow
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Despite global trade tensions, the Institute of International Finance sees 2018 world economic growth at its strongest since 2010, while emerging markets are expected to improve to a seven-year high, according to its latest Global Economic Monitor.
The world economy is seen expanding 3.5 percent this year and 3.4 percent in 2019. The euro area is also forecast to experience stronger growth this year -- 2.5 percent after 2.3 percent in 2017. The IIF sees the Federal Reserve boosting interest rates three more times this year. The forecast for the U.S. builds on the assumption that fiscal stimulus will add 0.3 percentage point to growth in 2018.