According to the October 2018 World Economic Outlook released by the International Monetary Fund (IMF), the global growth rate is projected to be 3.7 percent in both 2018 and 2019. Looking at developments by major region, the U.S. economy has been expanding. The European economy has continued to recover, although its growth pace has decelerated somewhat.
The Chinese economy has continued to see stable growth on the whole. Other emerging economies and commodity-exporting economies have been recovering moderately on the whole, reflecting in particular an increase in exports and the effects of those economies' stimulus measures. As for the outlook, the U.S. economy is expected to keep expanding and the European economy is projected to continue recovering.