Citigroup Inc. (3.4 percent at current exchange rates)
“Our 2018 global economic outlook is mostly characterized by a continuation of recent developments –- higher growth, steady inflation and rising advanced economy policy rates. The global economy continues to pick up steam and global growth continues to exceed forecasts. We expect yet another pickup in global growth in 2018 and further broadening across countries and sectors. But we suspect that the upside risk to growth is now relatively limited.”
Societe Generale SA (3.7 percent)
“As far as gross domestic product growth is concerned, the global economy is arguably in the best shape in about a decade. The good shape of the global economy is also reflected in the high degree of synchronization of growth with the OECD, for example, predicting positive growth rates in every one of the 45 individual economies it covers for the first time since 2007. In this sense, at least as far as output and employment growth is concerned, it is a Goldilocks scenario, with no sign of overheating in any of the economies we cover.”
UBS Group AG (3.8 percent)
“The global recovery is broad-based by number, but much of the improvement is owed to a handful of commodity producers. The biggest upside risks to our forecast are a larger-than-expected tax cut in the U.S. and abating policy uncertainty on both sides of the Atlantic leading to a much stronger investment response.”
This article was provided by Bloomberg News.