The world economy is picking up from this year. The U.S. economy have entered a cyclically new phase and the eurozone is also picking up this year, showing an inflation rate around 1.5%. These advanced economies, however, face downside risks such as policy uncertainty under the Trump administration and negative effects stemming from the normalization of monetary policy. Emerging economies, which suffered from severe slowdown for the last three years, are also recovering from recession. But those economies also need to promote structural reform to ensure the current recovery continue for a longer time. The 2018 global economic environment will be tilted to upside opportunities for Korean economy.