Summary of World Economic Outlook Update

A Shifting Global Economic Landscape

IMF,

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World Economic Outlook Update summary
The outlook for global economic activity in 2017 is cautiously sanguine.

Rating

7 Overall

8 Importance

7 Innovation

6 Style

Recommendation

The year 2016 brought unremarkable, although somewhat better, economic activity around the world. Economists at the International Monetary Fund are guardedly optimistic in their predictions for 2017 and beyond, which they admit are subject to a large number of unknowns, chief among them the cross-border impacts of the Trump administration’s policies. However events unfold, the job of policy makers won’t be easy: Ensuring financial stability and improving work opportunities and living standards for those whom globalization has overlooked will require wide-reaching cooperation. getAbstract recommends this timely analysis to investors, executives and economists.

In this summary, you will learn

  • How the global economy fared in 2016,
  • What an expert economic outlook foreshadows for 2017 and
  • What factors lie behind the challenges to global economic growth.
 

Summary

The world economy in 2016 experienced steady but unexceptional growth: Global GDP grew at an annual rate of 3% in each of the first three quarters of the year, and analysts expect the full year to come in at 3.1%. The US economy ended up stronger in the second half of 2016 than in the first, but the...
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About the Author

The International Monetary Fund advises member nations on policy issues and works to promote economic stability and well-being.


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