MACROIRON ORE TACTICAL OUTLOOK--Macro – 2018 Year in Review

摘要

2018 was a year of ambition and recovery, where even an escalating trade war and threatened economic uncertaintycouldn’t prevent producers from making big plans. While Brexit, NAFTA, the US-China trade war and fears of a globaleconomic slowdown dominated the news cycle, resource markets—particularly those in East Asia—got on with thebusiness of growing and adapting. The IMF’s 2017 global GDP growth estimate for 2018 was pinpoint-accurate at 3.7%, arate that is expected to remain steady in 2019.