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Global | Strong momentum continues in 1Q18 driven by trade, despite some weaker data in DM

Monday, March 26, 2018

Global | Strong momentum continues in 1Q18 driven by trade, despite some weaker data in DM

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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