Global Economics

Global Economics Chart Book

6 March, 2017

Signs of strong global growth continue

Business and consumer surveys suggest that the strong start to the year continued in February. The global composite PMI remained close to a three-year high and is consistent with world GDP growth of around 3½%. Headline inflation has rebounded sharply over the past couple of months, reaching the central bank’s target in the euro-zone and exceeding it in the US. However, underlying inflation remains very low almost everywhere, suggesting that policymakers will persist with exceptionally accommodative

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