Our forecast that GDP growth will accelerate to 2.5% next year is boringly in line with the consensus. Given the constellation of positive factors boosting economic growth, however, it’s hard to be contrarian for next year, at least on the downside. The almost unprecedented synchronised strength of global economic growth, the imminent fiscal stimulus, the weaker dollar, buoyant consumer and business sentiment, the low level of long-term interest rates and the modest rally in energy prices will support an economy that already has considerable momentum going into 2018. What could possibly go wrong?
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services