Many signs point to 2018 being a successful year for the world economy, but cycles of good times tend to be followed by periods of bad times, the managing director of the Monetary Authority of Singapore said on January 15.

The global economy is entering a “Goldilocks” period, Ravi Menon told a conference. Most major economies are likely to continue strengthening, with growth “about as good as it gets”, investment spending recovering, and growth in global trade outpacing GDP growth. “The broad