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World Economic Outlook Update
Report

World Economic Outlook Update

A Shifting Global Economic Landscape

IMF, 2017

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Editorial 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.

Take-Aways

  • The world economy in 2016 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%.
  • Higher oil prices due to major producers’ supply reductions have firmed inflationary pressures, but core inflation remains stubbornly below expected levels.
  • Global GDP growth rates in 2017–2018 could accelerate to reach 3.4% in developed economies and 3.6% across developing markets. These forecasts rely to a great extent on the United States’ plans to increase fiscal spending.

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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    N. M. 7 years ago
    The getAbstract reads like a weather report and does not provide anything that would necessarily tantalise one's taste buds.