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The Global Economy is Expanding at its Fastest Pace since 2011
Our World Economic Forecast, taken from the National Institute Economic Review
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06 February, 2018


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External Authors

Piggott, Rebecca

Lopresto, Marta

Lennard, Jason
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Macro-Economic Modelling and ForecastingJournal
National Institute Economic Review, No. 1, Vol. 243
Publisher
Sage, London
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Key points
- The global economy is expanding at its fastest pace since 2011. With momentum expected to carry into 2018, we have revised up our forecasts for growth in all of the major economies and regions.
- But with many economies operating at close to full capacity, some slowdown in the pace of expansion is likely unless productivity surprises on the upside. In the medium term the outlook remains for growth of around 3½ per cent a year.
- In some economies the cumulative effect of monetary easing is still at work but there are concerns that in some countries a tightening of capacity pressures may lead to increased inflationary impulses.
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