What trends should be taken into account when preparing budgets, prices and investments for the coming year? This new framework clarifies the economic situation and will be supplemented by the publication of the «2019 costs» (usually released in November).

While the US economy is rebounding, the rest of the world is experiencing a slowdown: growth is slowing, and the lack of momentum observed at the beginning of 2018 is gradually dissipating.

According to the OECD, global growth is nevertheless expected to reach +3.7% in the current year, which is 0.2 percentage points above the 2017 level. The slowdown in the eurozone is similar: +2.2% growth is expected after +2.4% in 2017.

In France, the slowdown is also noticeable and is continuing into the second quarter. French GDP growth is expected to be +1.6% in 2018, after +2.3% in 2017.

Growth forecasts for 2019 remain unchanged from 2018 at global level and slightly down at European level. However, with oil and dollar prices rising and various threats to global trade (US policy, Brexit, etc.), uncertainty is growing, with the risk of a more pronounced slowdown on the horizon for 2020, particularly for the US economy.

Over the past year, TRM operating costs have risen by between +1.5% and +1.6% excluding diesel, and between +4.0% and +5.0% including diesel, depending on the speciality.