2017 marked the first year since the financial crisis that the world experienced a synchronized economic recovery. G-20 nations saw estimated growth of 3.2% in 2017, above the long run average.
Other indicators also point to rising demand. The Baltic Dry Index hit a four-year high and the eurozone economy, previously the sick region of the world, outpaced the US in terms of economic growth.
Meanwhile, inflation is picking up across the board and labor productivity is starting to increase, albeit slowly.
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