OECD: Growth outlook improving for the world economy, but...

...it will still be below the historical trend prior to the financial crisis. This is what we can learn, and more, in the most recent Economic Outlook   published November 28 by the Paris based organization.

"The OECD projects that the global economy will grow by 3.6 percent this year, 3.7 percent in 2018 and 3.6 percent in 2019. The projections reflect slight improvements in the global economy since the previous Interim Economic Outlook in September 2017, but also concerns about long-term momentum."

Trump does not seem to be a nuisance to US economic growth these days

The Chicago Fed National Activity Index shows that US economic expansion in last September and October was slightly stronger than its historical trend.

The IHS Markit Flash US Composite PMI indicates the economic activity is not as vigorous in November as in the previous month but it is still solid.

The outlook for the coming months is still positive according to the monthly evolution of the Conference Board US Leading Economic Index. Nine of its ten indicators increased in October.

Growth is not as strong as the Trunp team expected but, at least, it is not turning down.

Short Term Outlook for Canada and Quebec

Leading indicators from the OECD for the canadian economy let believe that its pace of growth will continue in the coming months.

The Desjardins Leading Index sends a similar signal for the Quebec economy.

The world economy keeps expanding at a solid pace...

...according to PMI survey results published  November 6 by Markit Economics. Both manufacturing and services industries contributed to the expansion.