Markets believe interest rates will remain very low

The Organisation for Economic and Cooperation Development (OECD) issued its latest update on the state of the world economy last week.

It sounded upbeat, noting that the global economy is now growing at its fastest pace since 2010, with the upturn evident across nearly all countries. It is being accompanied by good gains in employment and falling jobless rates. Furthermore, the stronger growth is expected to be sustained, with the world economy forecast to grow in excess of 3.5% in both 2018 and 2019.