The IMF forecast that global growth would reach 3.9% both this year and next, the highest rate since 2011.
However, it warned that the boom will soon peter out, and that trade wars would damage the world economy. 19 more words
Tariffs and International Trade have dominated the headlines for a week since President Trump announced across-the-board tariffs for imported steel and aluminum. The primary effects of the proposed tariffs are minimal: UBS places the impact on aggregate inflation at less than 0.1%. 844 more words
(19 February 2018, AFR, p20, by Robert Mead)
‘It would seem that the stars are aligned for a continuation of the “Goldilocks” environment that we saw last year, with above-trend global growth and low but gently rising inflation. 166 more words
Orders for long-lasting manufactured goods rose 2.9% in December, the fastest pace since June and another sign of strength for American industry.