Investment Predictive Analytics Continue to Point to Anemic Global Economic Growth

Despite financial markets’ euphoria about the future, global economic growth remained lethargic in the first half of 2017, and remained in the familiar “normal” speed of the current recovery. Our forecast for growth in 2017 was revised downwards to 3.2%, nearly the same as in 2016. A new feature in this phase of the global business cycle is the re-emergence of inflation, despite stable-to-falling energy prices. It is expected that global inflation this year will increase to 6.3% from 3.7% in 2016.