The global economy is still on an upswing, but the good times may not last beyond the next year or two.
The International Monetary Fund said on Tuesday it expects global growth will inch up from 3.8% in 2017 -- its fastest pace in six years -- to 3.9% in 2018 and 2019. That's in line with its most recent estimate in January.
It also upgraded its forecast for US growth in 2018 to 2.9%, up from 2.7% previously. But things don't look as good in 2020 and beyond.
"Global growth is projected to soften beyond the next couple of years," the IMF said in its latest World Economic Outlook...
Source:bloomberg.com