Global growth continued its 2017momentum in early 2018. Global growth reached a strongerthan- expected 3 percent in 2017 — a notable recovery from apost-crisis low of 2.4 percent in 2016. It is currentlyexpected to peak at 3.1 percent in 2018. Recoveries ininvestment, manufacturing, and trade continue ascommodity-exporting developing economies benefit fromfirming commodity prices (Figure 1a). The improvementreflects a broad-based recovery in advanced economies,robust growth in commodity-importing Emerging Markets andDeveloping Economies (EMDEs), and an ongoing rebound incommodity exporters. Growth in China – and important tradingpartner for Russia – is expected to continue its gradualslowdown in 2018 following a stronger than-expected 6.9percent in 2017.