Global rating agency Fitch has upgraded its forecast for global real GDP growth for 2018, now predicting a rise of 3.4%.
But it warns that risks to the global economy continue to rise. Trade risks continue to mount and emerging markets are undergoing a second bout of significant financial stress.
China remains a good news story, with the agency revising its growth predictions upward for 2018 and 2019 to 6.7% and 6.5%, respectively.
What does it mean for our industry? More economic activity, rising demand for commodities and products, more forklifts and, fortunately or unfortunately (depending on your place in the supply chain), higher prices.