The cycle rolls:we forecast 2018 and 2019 global real GDP growth(2.7% and2.6% respectively)to slow versus 2017(2.9%).Nonetheless,Global real GDPgrowth is forecast to remain in“the long grinding cycle”of 2.5-3.0% pa,below.
20170620-MACQUARIE-THE_GLOBAL_MACRO_OUTLOOK:SLOWER_GLOBAL_GROWTH_IN_2018_&_20.pdf
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