Matt’s Market Insights by Matthew Kerkhoff - “Global Growth on the Rise (For Now)”
According to the Organization for Economic Cooperation and Development (OECD), global growth in 2016 was the lowest since 2009. The good news? It’s on the rebound, with growth this year expected to reach 3.5%.
That last unfortunate fact notwithstanding, a small pickup in global growth suggests that the current trend in equity markets will continue in the near term, as international growth continues to exceed that of domestic.