The February 2018 edition of the Economic Update, presenting the current economic environment across the globe and the outlook by Atradius Economic Research.
Summary:
Global – Following 3.0% growth in 2017, global economic momentum is picking up further. We expect global output to expand 3.2% in 2018.
Eurozone – GDP growth in 2017 marked the highest in over a decade. Nevertheless, a strengthening euro is likely to suppress the 2018 growth rate somewhat.
Advanced Markets – The US economy is enjoying strong growth, further supported by a tax reform in 2018, while the UK outlook remains clouded by Brexit-related uncertainty.
Emerging Markets – Economic momentum in emerging markets continues to strengthen, driven by stronger world trade and GDP growth.
Credit and insolvencies – Business insolvencies in both advanced and emerging markets are expected to slightly decrease in 2018.
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