To make recovery more durable, policymakers should seize the current opportunity and reform while they still can, says Maurice Obstfeld
The year 2017 appears to be ending on a high, with GDP growth in much of the world continuing to rise—marking the broadest cyclical upswing since the start of the decade. Throughout Europe and Asia, as well as in the US and Canada, growth expectations have risen, while some important emerging economies that until recently were shrinking—for example, Brazil and Russia—have resumed growth.
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