Global Macro Outlook - November 2017 - Above-Trend Growth Spurs Central Banks To Act - JAN 2018


BMI's global real GDP growth forecasts for 2017 and 2018 raised by 0.1pp in each year, to 3.2% and 3.1%, respectively

  • Growth forecast upgrades in the past month highlighted by improved outlook for world's four largest economies: US, China, Japan, and eurozone

  • Monetary policy set to tighten against positive macro backdrop, with US leading the way, and EM central banks having less room to ease

  • As Good As It Gets...Apart From EM Ex-China
    Average Real GDP Growth, %
    Source: BMI Forecasts

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