After what seems like a decade in the dumps, the economy is finally moving in the right direction.
Last quarter, the U.S. GDP jumped by 3.3%. That’s one of the highest rates we’ve seen in years. But the real solid news is that the world is starting to catch up and grow once again.
Economies across the globe are heating up, and that’s benefiting a host of international stocks and companies. With earnings on the rise overseas and stock valuations still cheaper than the U.S., the time to prepare our portfolios for rising international growth is now.
Better Days Ahead
Here is a fun statistic from the Organization for Economic Cooperation and Development (OECD). All forty-six of the nations it follows – which includes developed and emerging markets – are on track to realize positive economic growth this year. All in all, the OECD is projecting a 3.5% increase in the global growth rate for 2017. This is the highest overall worldwide GDP jump in nearly seven years. And everyone seeing growth hasn’t happened in a very long time. It shows just how the global economy is starting to heat up. And a variety of factors are helping the world move away from recession and stagnating growth, toward growth that is more sustainable.