Summary of World Economic Outlook Update, January 2018

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World Economic Outlook Update, January 2018 summary
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This detailed and discerning look at the world economy from the IMF notes that global GDP gained steam in 2017, continuing the momentum that started in the middle of 2016. With a weak inflationary environment persisting across the advanced countries, the potential exists for further economic strengthening coming from increased investment, elevated consumer confidence and significant stimulus from the US tax cuts. But risks, as always, accompany the previews for 2018 and 2019. getAbstract recommends this insider’s report to executives, investors and economists.

About the Author

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

 

Summary

In 2017, the global GDP growth rate reached its most robust level since 2010. Collectively, 120 economies representing 75% of total 2017 output grew at an average clip of 3.7%. Powering the upswing were the advanced economies of Germany, Japan, South Korea and the United States, along with Brazil, China and South Africa in the developing world. A mix of solid economic fundamentals with environmental and geopolitical uncertainties moderated oil prices, which increased roughly 20% during the last quarter of 2017. Experts foresee ongoing oil price decreases to 2022.

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