Global economy growing at fastest rate since 2011 but NIESR warns of slowdown

World economy to expand 3.9% in 2018

Tom Eckett
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Global economy growing at fastest rate since 2011
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Global economy growing at fastest rate since 2011

The world economy is expanding at the quickest pace for seven years, according to the National Institute of Economic and Social Research (NIESR), who have revised growth forecasts upwards across all major economies and regions despite warning there are a number of factors that could dampen the current speed.

NIESR found global real GDP growth picked up 3.7% in 2017, 0.2% higher than forecast in November, while it is expected to expand 3.9% in 2018 and 3.8% in 2019. However, the firm said there could be...

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