Overall, we are seeing a strong broad-based short-term outlook with balanced risks and a mixed, generally declining, medium-term outlook.
At 3.8%, global growth in real gross domestic product (GDP) in 2017 was the strongest since 2011.
GDP growth in the second half of 2017 was above 4% and exceeded forecasts in the October 2017 World Economic Outlook in many locations.
As we prepare for 2019 global financial budgeting, it is helpful to take a look at both the historical trends in salary increases and some key local economic factors.
We consider broader global trends for various economic groups to help place those increases and factors in context for the short-term(2018-2019) and medium-term (2020 into the next few years).
Consistent with the World Economic Outlook’s strong global forecast for 2019, the salary increase projections are steady or increasing for two-thirds of the countries tracked.
