Q4 2018 Global Economic Overview

Economically speaking, compared with other developed market economies, the U.S. was a standout for most of 2018. U.S. tax cuts and a large fiscal expansion improved GDP growth while most other developed economies slowed. Core U.S. inflation accelerated to the U.S. Federal Reserve’s (Fed) 2% target for the first time in six years, while inflation remained far below central banks’ targets in Europe and Japan.

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