The global economy is experiencing its broadest and strongest upturn for more than five years, but that improvement is being undermined by weak productivity growth.
An update to a tracking index compiled by the Brookings Institution think-tank and the Financial Times confirms the momentum of the global growth cycle and shows that the outlook for the rest of the year and 2018 remains healthy.
The index, which covers all significant advanced and developing economies, is at or close to five-year highs on measures of the real economy, confidence and financial conditions.
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