Global GDP growth forecast at 3% in 2018: Conference Board

(VOVWORLD) - After exceeding expectations in 2017, the global economy is projected to carry forward its current momentum to generate a 3% growth rate through next year, the Conference Board said in its latest Global Economic Outlook 2018 on Monday. 

Bart van Ark, chief economist of the Conference Board, said growth has finally revived since the global economic and financial crisis. GDP was predicted to grow at 2.8% a year ago, and is likely to end at about 3% this year and through next year.

Ark said while the growth path of markets will remain solid in the short term, potential for much faster growth is limited, and a slowdown is likely to set in later in the decade. 

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