After nearly a decade of stagnation, global economic growth is finally starting to recover from its post-crisis slump as measured by credit profiles, growth and debt (in some cases).
According to the latest report on the subject from the International Monetary Fund, increasing output in most European nations will boost economic growth across the globe as the region's economic firepower finally starts to make an impact.
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Indeed, according to the IMF's report, Europe’s contribution to the growth of global merchandise imports in 2016-17 was similar to that of China and the US combined -- an enormous benefit to the worldwide economy.
The report forecasts 2.4% expansion across the continent as a whole this year up from 1.7% in 2016. This might not seem like much but Setup a free account to get access to this article (no credit card required).Login required to continue reading.
