Data confirm that 2017 marked a year of acceleration in GDP growth, which grew 0.6 percentage points faster than the year before. 2018 promises to be another year of strong growth, with GDP growth pushing up to 3.2%. That would be the highest level since 2011. Trade growth is buoyant and investments are finally recovering. Energy and commodity prices rejoice in an upswing, supporting investments. Growth, moreover, is broad-based and includes advanced as well as emerging economies. Even Latin America, notably Brazil, is dragging itself out of a long period of economic backlash. And while there is no shortage of political developments, they have thus far found no place in which to cast a shadow.

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Economic Outlook: A bright sky, for now

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