American economy: robust growth in the coming months

The Conference Board Leading Economic Index for the United States points again to a solid pace of growth in the coming months. Also, this organisation forcasts that US real GDP will increase by 2.8% this year, a projection similar to the one from the IMF (2.9%).

World economy: slower growth in March, according to PMI

The expansion of the world economy continued last March, but at a slower pace than the previous months, according to the Purchasing Managers' Index (PMI) published by IHS Markit . New orders let believe that it will be the same scenario in the coming weeks.

Let see what we will be able to read from the coming OECD leading indicators and the IMF World Economic Outlook.

World economy: the OECD has recently updated its projections

The OECD published, March 13, its world economic outlook update. Its new upward GDP growth forecasts for the world match the IMF projections published last January. As shown below, the estimates are revised upward for many countries. But the OECD economists signal that "... tensions are appearing that could threaten strong and sustainable medium-term growth."

Quebec economy: the Desjardins Leading Index...

... lets believe that the expansion of Quebec economy will continue at a sustained pace in the coming months. The DLI increased by 0.7% in January, according to the analysis published March 13. Economists from that financial institution forecast that real GDP will grow by 2.2% this year.

World economy: manufacturing sector expansion remains strong...

...according to the most recent PMI data published March first by IHS Markit Economics, but the pace of growth moderated slightly in February.

Sunny outlook for the world economy, according to the IMF

The IMF published January 22 its update of the World Economic Outlook. World output growth for 2017 is revised slightly higher (3.7%), and it should get even better results in 2018 (3.9%) and 2019 (3.9%).

The IMF economists detailed analysis of the World Economic Outlook  is available at :

http://www.imf.org/en/Publications/WEO/Issues/2018/01/11/world-economic-outlook-update-january-2018

The DLI keeps sending positive signals for the Quebec economy

The Desjardins Leading Index (DLI) increased (0.7%) again in November according to the analysis published January 17 by this financial institution. This means that Quebec economic expansion will continue in the coming months.