Q1 2018 Global Economic Overview

Economic expansion continues around the world in almost all developed and developing countries. At the top end, among the countries reporting GDP data for the fourth quarter of 2017, the economies of China and India both grew by 6.6% on an annualized basis. At the bottom end, Norway’s economy shrank by 1.1%, annualized. GDP growth in the G7 countries ranged from 1.3% in Italy to 2.8% in France. Canada’s economy grew 1.7% on an annualized basis. Inflation is slowly creeping up in some countries while staying low elsewhere.

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