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COMMENTARY

Strong global rebound is on firm footing

The economic expansion can be sustained for longer and world growth should remain above trend in 2018

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Models of China-made bullet trains on exhibition at a shopping mall in Jakarta. China is no longer posing a drag on global growth. Its efforts to address the buildup of debt and deflationary pressures, coupled with favourable export growth, have improved debt dynamics.

AFTER a long period of sub-par growth, the global economy has turned a corner this year. Global GDP growth has been tracking at an average of 3.9 per cent SAAR (seasonally adjusted annual rate) for the past three quarters. Trade has expanded by 4.7 per cent year-over-year in August 2017,

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