Outlook shows cyclical renaissance for global economy

Global economic growth is on the rise despite market jitters over rising political risk, according to the most recent outlook from Alliance Bernstein.

As the data indicate, the global economy is in the midst of a “cyclical renaissance” marked by factors such as the global manufacturing purchasing managers’ index (PMI), which has reached its highest level since June 2011.

According to Alliance Bernstein’s forecast, the global economy is expected to grow by three per cent this year versus just 2.4 per cent in 2016. If that happens, it would be the best performance since 2010 and the first time since that same year that Alliance Bernstein hasn’t had to prepare a downward revision of its forecast.

Read the full article on Benefits Canada’s companion site, Canadian Investment Review.