Why Does The S&P 500 Keep Breaking Records?

Published Friday, October 20, 2017 at: 7:00 AM EDT

The International Monetary Fund, in its latest World Economic Outlook, revised its July estimate for world growth higher, to 3.7%. That's way up from 2016, when the world economy grew by 3.2%.In July, the IMF estimated global GDP for 2017 would jump to 3.5%, and 3.6% in 2018. The latest revision bumped up the expected growth of the world economy to 3.6% in 2017 and 3.7% in 2018. The latest consensus GDP forecast of 59 economists surveyed in early October by The Wall Street Journal projects an economic growth of 2.5% over the five quarters through September...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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