Japanese GDP grew by a better-than-expected one percent in the second quarter of 2017. That marks the longest period of sustained growth in more than a decade. Wages are up, and so is consumer spending.
The gap between the rich and the poor has been widening in most countries. Economists are analyzing the potential consequences, among them pundits at the IMF which is holding its spring meeting in Washington this week.
Germany's statistics office has said the German state last year logged the highest annual surplus since the country reunited in 1990. The result came on the back of record-low unemployment and low interest rates.
Economic growth in India is forecast to beat out last year. The emerging economy is thus on track to regain the title of the world's fastest growing major economy, once again overtaking China.
The global emergency lender sees the world economy on a robust growth path in the coming two years. However, that outlook faces a severe risk if trade tensions between the US and China escalate in the month ahead.
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