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 estimated global real GDP growth picked up to 3.7% in 2017 (year-on-year), 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...
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