Recent data on global gross domestic product (GDP) growth point to a modest and broad-based increase in real economic activity. In the Federal Reserve Bank of Dallas’ Database of Global Economic Indicators (DGEI), world GDP growth (excluding the U.S.) was 3.5 percent in the second quarter on a year-over-year basis, up from 3.1 percent in the first quarter.[1] Second quarter 2017 saw positive economic expansion among almost all trade partners. Real GDP grew faster in both advanced economies (excluding the U.S.) and emerging economies, continuing a trend seen since the beginning of 2016 (Chart 1). Canada posted the ... (full story)