Author
International Monetary Fund. Research Dept.
Publication Date
2016
Publication Place
Washington, D.C. -
International Monetary Fund
Subject
Commodity Markets, Commodity prices, Deflation, Emerging and frontier financial markets, Emigration and Immigration, Emigration and immigration, Exports and Imports, Finance, Finance: General, Financial services industry, General Aggregative Models: General, General Financial Markets: General (includes Measurement and Data), Imports, Inflation, International economics, Macroeconomics, Migration, immigration & emigration, National accounts, National income, Price Level, Prices, Public finance & taxation, Trade: General, China, People's Republic of
Type
Book
Language
Arabic
Digital
Yes
Manuscript
No
Library
Wesleyan University Library
Library Asset ID
ISBN : 9781475551587, ISBN : 1475551584, ISBN : 9781475550764, ISBN : 1475550766
Record ID
alma9932831183103768
Library Location
See online access
Date
2016
Notes
According to the October 2016 "World Economic Outlook," global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. The forecast, revised down by 0.1 percentage point for 2016 and 2017 relative to April’s report, reflects a more subdued outlook for advanced economies following the June U.K. vote in favor of leaving the European Union (Brexit) and weaker-than-expected growth in the United States. These developments have put further downward pressure on global interest rates, as monetary policy is now expected to remain accommodative for longer. Although the market reaction to the Brexit shock was reassuringly orderly, the ultimate impact remains very unclear, as the fate of institutional and trade arrangements between the United Kingdom and the European Union is uncertain. Financial market sentiment toward emerging market economies has improved with expectations of lower interest rates in advanced economies, reduced concern about China’s near-term prospects following policy support to growth, and some firming of commodity prices. But prospects differ sharply across countries and regions, with emerging Asia in general and India in particular showing robust growth and sub-Saharan Africa experiencing a sharp slowdown. In advanced economies, a subdued outlook subject to sizable uncertainty and downside risks may fuel further political discontent, with anti-integration policy platforms gaining more traction. Several emerging market and developing economies still face daunting policy challenges in adjusting to weaker commodity prices. These worrisome prospects make the need for a broad-based policy response to raise growth and manage vulnerabilities more urgent than ever.
Seri
World Economic Outlook, World Economic Outlook; World Economic Outlook ; No. 2016/002
