The world economy grew by 3.56% in the second quarter of 2018 compared with a year earlier, according to our estimates. That is almost exactly the same as the 3.57% expansion rate observed in the first quarter. Trends vary between regions: growth rates continue to rise in America and India, but are levelling off in China and the euro area. According to the OECD, a think-tank, growth is also becoming more uncertain because of increased restrictions on trade, the lack of clarity over Brexit and building financial risks. It expects global growth to level off in the coming years, and has tempered its predictions for both 2018 and 2019, from 3.9% down to 3.7%.
This article is from our print edition.