The global upswing in economic activity has strengthened… What a difference a year makes! “The global cyclical upswing that began midway through 2016 continues to gather strength,” wrote the International Monetary Fund (IMF) in the World Economic Outlook report (published October 2017).
The same goes for the OECD, while private economists have also raised their growth forecasts in recent months, especially with regard to the eurozone.
… but one thing is conspicuous by its absence: inflation
