Global | Strong momentum continues in 1Q18 driven by trade, despite some weaker data in DM
Published on Monday, March 26, 2018 | Updated on Monday, March 26, 2018
Global | Strong momentum continues in 1Q18 driven by trade, despite some weaker data in DM
Summary
Our BBVA-GAIN model projects the world GDP to grow 1% QoQ in 1Q18, up from 0.9% in 4Q17. Global exports strengthened significantly in February, but industrial output and retail sales were modest in early 2018. Confidence remains at high level in 1Q18 so far, but showing some signs of moderation.
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- Global
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- Macroeconomic Analysis
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Authors
Manuel Cabezas
Rodrigo Falbo
BBVA Research - Principal Economist
Agustín García
BBVA Research - Principal Economist
Miguel Jiménez
BBVA Research - Lead Economist
Iñaki Martínez
Fernando Soto
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