Global economy in good shape, data suggests

The world economy experienced stable recovery after its decadelong slump since the financial crisis, and the International Monetary Fund adjusted its growth projection to 3.6 percent for the year and 3.7 percent for 2018. Broad-based upward revisions in the eurozone, Asia, Europe and Russia have contributed to the rise.

China's economic growth, expected to have been 6.9 percent in 2017, is still the biggest source of global economic growth. Other factors include the world's relatively loose monetary fiscal policy and scientific and technological innovation.