International outlook for 2018

Based on International Monetary Fund (IMF) forecasts, global real GDP in 2018 is expected to increase by 3.7 percent. ^is estimated growth performance is marginally better than the robust 3.6 percent global growth of 2017. ^e growth is generalized to advanced, emerging and developing economies, and it is better than the historical average for this decade (see Figure 1). ^e global growth outlook is finally back to the long-term average of the past 30 years, and as a result, the global spare resources (such as unemployment and excess capital) are no longer increasing. [...]the notable exception to this improving European economic outlook, especially over the longer term, is the United Kingdom. ^is is, of course, the consequence of their vote in summer 2016 to leave the EU (aka Brexit). Since its secession vote, the British economy has been resilient. [...]given Mexico's relatively low labor costs, in an expanding global economy, it will continue to attract foreign direct investment. [...]India's economy is expected to increase by a stronger 7.4 percent rate in 2018, with inflation stable at just under 5 percent.