CAPEX Predictive Analytics Confirm Renaissance in Animal Spirits

In our previous global forecast published in the third quarter of 2017, we predicted that the global economy “seems” to have reached a turning point—around the summer—from a 10-year “stagnation epoch” to a growth trend towards the potential output. As a rule of thumb, two consecutive quarters of negative growth define a recession. Derived from the end of 2017 data, the latest predictive analytics show that our fact-based forward-looking CAPEX (investment) predictive analytics are on an upswing for three consecutive quarters, which certainly confirms a global renaissance of animal spirits, led by industrial countries—lately called advanced economies.