The International Monetary Fund (IMF) has forecast that 2018 will be the strongest year for global growth since 2011.
In its new assessment of the World Economic Outlook, the IMF predicts growth this year and next of 3.9%. However, it warned that performance could be curtailed by trade barriers.
For the UK, the IMF has made a modest upgrade for growth this year to 1.6%. For next year, the forecast has been slightly reduced, to 1.5%.
The IMF report warned that the current momentum was “not assured”.
According to BBC News, the IMF lists a number of risks that could lead to weaker performance than its main forecast, including what it calls policies that “harm international trade”.