Despite large-scale political upheavals around the world, and escalating tensions in many regions, the global economy performed well in 2017, and will enter the new year with a momentum not seen in years. But as some of our top economics commentaries from 2017 point out, there are still risks on the horizon.
In many ways, 2017 was a watershed year for the global economy. Stock markets reached all-time highs. Macroeconomic indicators in key countries improved throughout the year. And, despite catastrophic natural disasters, nuclear saber-rattling on the Korean Peninsula, escalating power politics between oil producers in the Middle East, worries about Chinese debt, and the slow-motion collapse of Venezuela, the global economic recovery continued to gain steam.
In many ways, 2017 was a watershed year for the global economy. Stock markets reached all-time highs. Macroeconomic indicators in key countries improved throughout the year. And, despite catastrophic natural disasters, nuclear saber-rattling on the Korean Peninsula, escalating power politics between oil producers in the Middle East, worries about Chinese debt, and the slow-motion collapse of Venezuela, the global economic recovery continued to gain steam.