Summary of World Economic Outlook Update

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World Economic Outlook Update summary
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Rating

7

Qualities

  • Analytical

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.

About the Author

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

 

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 euro area performed below its capacity overall, as weaker output in the region attests. Japan’s economy fared better than expected, as did the United Kingdom’s, despite Brexit.

Emerging markets and developing economies yielded mixed results. China...


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    N. M. 3 years ago
    The getAbstract reads like a weather report and does not provide anything that would necessarily tantalise one's taste buds.