This year, the world economy will grow at a fast pace and will reach a height that has not been observed since 2010, since developed countries have experienced growth momentum along with accelerated inflation, a Reuters poll of more than 500 economists showed.
Experts believe that large central banks will abandon the ultra-soft monetary policy this year, but borrowing costs will still be acceptable, which will support growth.
Recent Reuters surveys, covering more than 45 countries, not only highlighted optimism about growth, but also showed that inflation forecasts were either updated or remained unchanged in almost 70% of these countries.
"For the first time in a long time, global growth is accelerating from an average level, rather than returning to it," said James Sweeney, chief economist at Credit Suisse.
According to forecasts, the global economy will grow by 3.7% this year, which is the fastest growth from 4.3% in 2010.
In October, it was predicted that growth in 2018 will be at the level of 3.6%. The IMF believes that growth will be 3.9% this year.
Almost 70% of the 140 respondents who answered an additional question said that the global economic boom is more likely to pick up momentum this year, and inflation will turn out to be higher than is currently projected.
These expectations were largely driven by growth in developed countries, especially in the eurozone and the United States, which may not have shown all that they are capable of.