Jan 22, 2018

IMF predicts 3.9% growth in global economy

The International Monetary Fund has raised its global economic growth projections to 3.9% for 2018 and 2019, an increase of 0.2% from last year.

Data: IMF World Economic Outlook Update, January 2018; Chart: Andrew Witherspoon / Axios

Why it matters: The updated forecast reflects a stronger-than-expected global recovery and changes to the U.S. tax code, which are expected to drive an additional 1.2% in U.S. growth through 2020 and lower growth from 2022 onward.

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Household income stagnates as home prices soar

Data: Census Bureau; Chart: Andrew Witherspoon/Axios

Despite a robust economy and low unemployment, household income hasn't changed much in the past 20 years.

Go deeperArrowDec 31, 2019

Middle East tensions could spark a big year for defense stocks

Data: Money.net; Chart: Axios Visuals

Defense sector stocks have predictably seen major buying since the killing of Iran Gen. Qasem Soleimani, in particular Northrop Grumman and Lockheed Martin.

Why it matters: The gains may not be temporary, analysts say.

Go deeperArrowJan 8, 2020

Wall Street has its best year since 2013

Data: FactSet; Chart: Axios Visuals

Wall Street had its biggest annual gain in six years — with the S&P 500 rising 29% and the Nasdaq Composite rising 35% in 2019. The Dow lagged behind other indices, but saw its biggest yearly gain since 2017.

Why it matters: U.S. stocks rebounded from 2018's year-end meltdown to log impressive gains, despite uncertainty stemming from the trade war and a slowdown in economic growth.