New investment year starts briskly – downward interest rate trend ends in euro zone

7 February 2018

Global economic growth forecasts are being raised as we speak. The currently synchronised global GDP growth is expected to rise to +3.7%, which is the best rate in years. The economic growth environment is strong and interest rates have begun to rise also in Europe, where a rise in inflation linked to growth is being factored in. Companies’ earnings performance appears to be strong and the US tax reform is reinforcing it even more. January’s stock price surge (MSCI World +4.1%) was the strongest start to the year in living memory.