U.S. Markets closed

Why the Global Economic Mood Soured in 2018

Mark O'Hara
Why the Global Economic Mood Soured in 2018

Towards the end of 2017, the term “synchronized global growth” cropped up. Markets started to price strong global growth in 2018. Copper, an indicator of global economic activity, rallied almost 8% in December 2017 and ended the year with 31.3% gains. Earlier in 2018, the IMF raised its 2018 global economic growth forecast to 3.9% from 3.8%.