This document summarizes global economic and retail trends. It finds modest growth in developed economies due to aging populations and slow productivity growth. Despite tight labor markets, inflation remains low. Asset prices have risen due to low interest rates, but future rate hikes could cause a bubble to burst. The US economy is growing but faces risks from rates and trade. China's growth relies on debt and its demographics are poor. The Eurozone is growing strongly led by Germany but politics are uncertain. Brexit has hurt UK retail sales and investment. Japan's growth is rebounding due to exports but wages and demographics are issues.