SINGAPORE (Dec 25): The stage is set for sustained solid growth in the world economy next year. We expect global growth of 3.2%, matching the growth rate this year.
1. The US economy will sustain above-trend growth. With the strong momentum at the end of the year, we expect growth in 2018 to be 2.6%, above the 2.3% in 2017.
2. Europe’s expansion will slow a little, but remain solid. Real GDP growth of the Eurozone is expected to be 2.4% this year — the strongest since 2007. Most of the factors that helped growth this year will also support growth in 2018.