Contact Us

Ashton Whiteley: Global Economy to Expand in 2018

Ashton Whiteley: Growing inflation and strong recovery in developed economies could spell good news for global economy.
    SHANGHAI, CHINA, January 31, 2018 /24-7PressRelease/ -- According to a recent survey of leading economists by Shanghai, China based Ashton Whiteley, the world's economy is expected to expand at a healthy pace in 2018 and will likely reach highs not seen for 8 years. Ashton Whiteley economists attribute these predictions to growing momentum in developed economies and an overall recovery in inflation.

It is anticipated that major central banks will avoid ultra-easy monetary policy this year, but will maintain accommodative borrowing costs in order to continue to facilitate growth.

The survey highlighted a global trend towards optimism on growth and revealed that inflation predictions were either unchanged or upgraded.

It is predicted that the global economy will expand by 3.7 percent in 2018, the most robust growth in 8 years.

The vast majority of economists surveyed stated that the global economic boom would gain significant traction this year and would fuel inflation to higher levels than currently forecast.

Those predictions were likely motivated by growth in the world's developed economies, particularly the United States and the Eurozone.

Ashton Whiteley economists commented that although the US economy may not be operating at full steam at this point, the current level of activity was sufficient to keep the ball rolling.

Growing positive consumer and business sentiment and healthy job creation are prompting economists to repeatedly increase growth predictions for the euro zone and its economies.

An Ashton Whiteley economist stated that the conditions for a classic macroeconomic sequencing of a growth phase have now lined up. All the countries in the European Union have experienced a return to positive growth and are exhibiting significant acceleration in expansion.


# # #

Read more Press Releases from Jeff Wang:


Comment on this story...

Share This Story


Email this Story

Contact Information


Jeff Wang
Market Watch Asia

Beijing Shi, Chaoyang Qu
China
Voice: 861061257200
E-Mail: Email Us Here

Like This Story?


I like it! 0

Disclaimer


If you have any questions regarding information in this press release, please contact the person listed in the contact module of this page. Please do not attempt to contact 24-7 Press Release Newswire. We are unable to assist you with any information regarding this release. 24-7 Press Release Newswire disclaims any content contained in this press release. Please see our complete Terms of Service disclaimer for more information.