Author
International Monetary Fund. Research Dept.
Publication Date
2017
Publication Place
Washington, D.C. -
International Monetary Fund
Subject
Aggregate Human Capital, Aggregate Labor Productivity, Climate change, Climate, Climatic changes, Economic theory, Emerging and frontier financial markets, Employment, Environmental Economics, Exports and Imports, Finance, Finance: General, Financial services industry, General Aggregative Models: General, General Financial Markets: General (includes Measurement and Data), Global Warming, Income economics, Intergenerational Income Distribution, Labor, Labour, Macroeconomics, National accounts, National income, Natural Disasters and Their Management, Natural disasters, Unemployment, Wages, Wages, Compensation, and Labor Costs: General, United States
Type
Book
Language
Arabic
Digital
Yes
Manuscript
No
Pages Count
257
Library
Wesleyan University Library
Library Asset ID
ISBN : 9781484328019, ISBN : 1484328019, ISBN : 9781484327982, ISBN : 1484327985
Record ID
alma9932831324003768
Library Location
See online access
Date
2017
Notes
The global upswing in economic activity is strengthening. Global growth, which in 2016 was the weakest since the global financial crisis at 3.2 percent, is projected to rise to 3.6 percent in 2017 and to 3.7 percent in 2018. The growth forecasts for both 2017 and 2018 are 0.1 percentage point stronger compared with projections earlier this year. Broad-based upward revisions in the euro area, Japan, emerging Asia, emerging Europe, and Russia—where growth outcomes in the first half of 2017 were better than expected—more than offset downward revisions for the United States and the United Kingdom. But the recovery is not complete: while the baseline outlook is strengthening, growth remains weak in many countries, and inflation is below target in most advanced economies. Commodity exporters, especially of fuel, are particularly hard hit as their adjustment to a sharp step down in foreign earnings continues. And while short-term risks are broadly balanced, medium-term risks are still tilted to the downside. The welcome cyclical pickup in global activity thus provides an ideal window of opportunity to tackle the key policy challenges—namely to boost potential output while ensuring its benefits are broadly shared, and to build resilience against downside risks. A renewed multilateral effort is also needed to tackle the common challenges of an integrated global economy.
Seri
World Economic Outlook, World Economic Outlook; World Economic Outlook ; No. 2017/002
