Opening Statement from the August 2018 Dividend Gems 

Opening Statement from the August 2018 Dividend Gems 

Originally published on August 19, 2018

Overview

The global economy remains on solid ground despite having been negatively impacted by uncertainty regarding global trade. The IMF confirmed this sentiment in its July 2018 World Economic Outlook as it acknowledged less uniform growth due to trade tensions, higher oil pricing and changes in capital flows due to monetary policy actions by the Federal Reserve.

While the IMF’s global growth estimates for 2018 and 2019 remain unchanged at 3.9 percent, growth has been revised slightly downward in the Eurozone, Japan and the United Kingdom. Meanwhile, Brazil’s economic recovery remains fragile due to rising social unrest amid a history economic and political crisis. India’s economic growth