Q4 2017 Global Talent Market Quarterly
Heading into 2018, the global economy is in good shape. Major emerging markets such as Russia and Brazil are climbing out of recession, growth prospects are positive in Europe and North America, and the powerhouse economies in Asia continue to drive global growth.Global GDP growth is projected at 3.2% for 2018, its highest rate in seven years, and although recession risk is low, there are some geopolitical threats that bear watching. Buoyed by the favorable economic environment, the global employment outlook is likewiseencouraging. Greater demand is leading to growing skills shortages but surprisingly, not necessarily translating into higher wage levels.