Strong Growth, Steady Inflation
- Citi analysts maintain their forecast of above-consensus global real GDP growth of 3.4% for 2018 and steady inflation of 2.5%, as global growth continues broadly across economies and sectors.
- Inflation remains subdued across Developed Markets (DMs), particularly outside of the US.
- Downside risks to growth include faster-than-expected tightening of monetary policy across DMs, rising protectionism and trade war threats, heightened political risks and a China and/or US slowdown.
Although growth is slowing as the economic cycle matures, Citi analysts emphasize that this is not the start of a downturn.
Citi maintains a forecast of above-consensus global real GDP growth of 3.4% for 2018 and steady inflation of 2.5% as global growth continues broadly across economies and sectors
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