Global | Widespread upward revision of growth forecasts in 2018
Published on Friday, January 19, 2018 | Updated on Wednesday, January 24, 2018
Global | Widespread upward revision of growth forecasts in 2018
Summary
Growth stabilized at high levels and recent data suggest an uptick in activity at 4Q17. We revised upwards our growth forecasts for 2018 to 3.8% (+0.3pp), driven by an improved outlook and boost from tax reform in the US, a more gradual slowdown in China and the strengthening of domestic demand in the EZ. Central banks continue with a gradual normalization process.
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Authors
Manuel Cabezas
Rodrigo Falbo
BBVA Research - Principal Economist
Agustín García
BBVA Research - Lead Economist
Miguel Jiménez
BBVA Research - Lead Economist
Fernando Soto