While the threat of a trade war lurks ominously, global economic conditions remained strong in the first quarter of 2018 and this momentum is expected to continue through the year. Importantly, this growth is widespread across most markets.
In the April Quarterly Economic Outlook, KPMG Economics has revised its forecast of global growth, with real GDP now expected to be 3.8 percent for both 2018 and 2019.
Closer to home, the 'outlook' forecasts real GDP for the Australian economy to grow at around 2.9 percent for FY2018 and 2.6 percent for FY2019.
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