World bank, ha nguyen economist, decmg, world bank, andy d. World economic outlook, selected topics 273 imf executive board discussion of the outlook, october 2017 283 tables table 1. The nonoil economy in the gulf has benefited global economyfrom this even as oil. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators. After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies. Risks to the global outlook remain tilted to the downside. Download the june 2017 global economic prospects report. Quarterly gdp contracted in japan, france and italy, while the uks, germanys and mexicos were flat. Jun 12, 2017 world economic situation and prospects. Bahrain economic quarterly june 2018 please refer to the disclaimer at the end of the document. Dollar surge threatens global financial stability usddenominated debt held by nonbank borrowers outside of u. Download pdf about economic and financial market outlook. The international monetary fund imf is an international organization headquartered in washington, d. Global indicators still point to robust and stable activity in the world economy.
Economic activity according to the international monetary funds imf world economic outlook weo for july 2017, global economic growth for 2017 is maintained at 3. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing. Broadbased upward revisions in the euro area, japan, emerging asia, emerging europe, and russiawhere growth outcomes in the first half of 2017 were better than expectedmore than offset downward revisions for the. Economic freedom in europe world rank regional rank country overall score change from. The euro continues to benefit from improved sentiment and dollar weakness, as the dollar yield surplus continues to shrink. International monetary fund, world economic outlook 2017 the world is expected to enter a period of recovery after the great recession of 2007 to 2012, mostly pulled up by the developing markets of asia, africa and latin america. World economic prospects monthly 2017 economic outlook. The feeble economic recovery in subsaharan africa has lost momentum, with growth in 2019 estimated to have edged down to 2. World economic outlook, october 2017 international monetary fund.
World trade intensity refers to the sum of exports and imports of goods and services volumes as a share of gdp at market. The graphics in this presen tation focus on projections through 2040. These include the possibility of greater trade restriction, uncertainty about trade, fiscal and monetary policy, and, over the longer term, persistently weak productivity and investment growth. Global economic prospects june 2017 chapter 1 5 recovery will be broadbased, impacting nearly 70 percent of commodity exporters in 2017. Find out more about the industrys development by downloading our past and present reports below. The mem draws on available data reported by the government of myanmar and additional information collected as part of the world bank groups regular economic monitoring and policy dialogue.
After the 2012 slowdown global economic growth is expected to pick up gradually through 2017. In a nutshell, the outlook for the global economy has darkened, amid slowing activity and heightened downside risks. Global growth to pick up slowly through 2017, but downside factors still remain. Risks to the outlook remain firmly on the downside, including the possibility of escalating trade tensions. Chapter 2 describes the world banks view on nigerias economic outlook for 2017.
Global economic prospects june 2017 south asia analysis. Global growth is firming, contributing to an improvement in confidence. This improvement in estimations coupled with a decrease in financial tensions, which is reflected in lower volatility of financial assets and a drop in the risk premiums of the different economies, point towards. Manufacturing and trade are picking up, confidence is improving, and international financing conditions remain. The international monetary fund imf, in its world economic outlook report for july, projected global growth at 3. Eias international energy outlook 2017 ieo2017 presents an assessment of longterm world energy markets. It also presents recent world bank findings, situating them in the context of the countrys longterm development trends and assessing their implications for the countrys mediumterm economic outlook. However, lingering fiscal and external adjustment needs dampen growth prospects in a number of countries. In addition to discussing global and regional prospects, this edition includes several pieces on. Global growth, which in 2016 was the weakest since the global financial crisis at 3. The governments advanced report on wholesale inventories showed a 0. Correlates of growth projections, emdes, 2017 22 46 annex table 1.
Outlook and risks regional growth is expected to rebound in 2017 and strengthen thereafter. Page 2 of 41 summa ry 2017 off to a good start the opening months of 2017 have witnessed a general strengthening of the global economic outlook. Table 1 arab republic of egypt macro outlook indicators annual percent change unless indicated otherwise 2014 2015 2016 e 2017 f 2018 f 2019 f real gdp growth, at constant market prices 2. The peu covers issues ranging from macroeconomic management and financialmarket. This report is a product of the staff of the international bank for reconstruction and developmentthe world bank, supported by funding from the australian government under the support for enhanced macroeconomic and fiscal. The global upswing in economic activity is strengthening. According to the world economic situation and prospects as of mid 2017 report wesp mid 2017, world gross product is expected to expand by 2. Real gdp growth projections have been revised downwards to 1. Growth slowdown, precarious recovery april 2, 2019 description. Incorporated as a notforprofit foundation in 1971, and headquartered in geneva, switzerland, the forum is tied to no political, partisan or national interests.
Categories of federal outlays 15 revenues 23 chapter 2. Preserving consistency and policy commitment world bank. Intensifying global headwinds such as decelerating activity in major trading partners, elevated policy. The global risks report 2017, 12th edition is published by the world economic forum within the framework of the global competitiveness and risks team. As a result, growth in commodity exporters is projected to rise from 0. Washington, june 4, 2017 the world bank forecasts that global economic growth will strengthen to 2. Subdued investment in emerging market and developing economies emdes is dampening potential growth prospects. Eias annual energy outlook provides modeled projections of domestic energy markets through 2050, and includes cases with different assumptions of macroeconomic growth, world oil prices, technological progress, and energy policies.
The world economic outlook weo database contains selected macroeconomic data series from the statistical appendix of the world economic outlook report, which presents the imf staffs analysis and projections of economic developments at the global level, in major country groups and in many individual countries. With strong domestic production and relatively flat demand, the united states becomes a net energy exporter over the. Weak external environment 18 monetary policy and financial markets. Global economic prospects is a world bank group flagship report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis in january and june. While purchasing managers indexes across the region have generally improved in 2017, industrial production has been mixed. Imf executive board discussion of the outlook, october 2017. Tightening policy to curb inflation 21 the success of fiscal reforms 25 inflation affected poor households 28 02 outlook. The myanmar economic monitor mem periodically analyzes economic developments, economic prospects, and policy priorities in myanmar. Bahrain economic quarterly june 2017 please refer to the disclaimer at the end of the document. Since 2011, the ericsson mobility report has been a leading source of knowledge on the state and future of the mobile world. Real gdp growth, euro area and member states, 2018 versus 20192020 10 1.
The pickup in global growth anticipated in the april world economic outlook remains on track, with global output projected to grow by 3. Data and research on economy including economic outlooks, analysis and forecasts, country surveys, monetary and financial issues, public finance and fiscal policy and productivity. The budget outlook 5 overview 5 deficits and debt 5 outlays 11 box 11. Page 2 of 39 summa ry a regional recovery takes shape the economic outlook for the gcc region has strengthened palpably with the oil markets returning to a balance and output levels beginning to edge up. The timorese authorities have revised the compilation. The outlook for remittances inflows is uncertain, as they could be affected by tighter. The global upswing in economic activity is strengthening, with global growth projected to rise to 3. Economic growth is expected to decline in the forecast period. Global economic outlook june 2019 presented at the undesa expert group meeting on the world economy project link glen cove, ny 1719 june 2019. Data and research on economic outlooks, analysis and forecasts, including economic projections, economic outlooks, economic surveys, oecd forecasts during and after the financial crisis.
They were partly dragged down by a global manufacturing slump, although countryspecific factors have also had a role to play. Some infrastructure investments are also likely to be put on hold. Difference between manufacturing and services sentiment 7 1. Global economic prospects june 2017 chapter 1 3 summary global growth is firming, contributing to an. This report examines the global and regional labour market trends and gaps, including in labour force participation rates, unemployment rates, employment status as well as sectoral and occupational segregation. The global economic prospects gep is the world banks semiannual flagship publication on the state of the world economy. The estimates, unchanged from april, masked changes among individual economiesdownward revisions to the u. World economic outlook international monetary fund. Global economic prospects june 2017 global outlook. Weicheng lian of the imf research department visited the jvi to present the analytical chapters of the latest world economic outlook weo which explore both these questions, and to summarize the weos global outlook. The world economic forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. In our baseline view the pandemic peaks in june 2020 economic outlook 10. Weak gdp growth in 4q19 and a decline in industrial activity weighed on some of the world s 20 biggest economies. Assumed policy actions relative to the weo baseline 36 table 1.
All queries on rights and licenses should be addressed to world bank publications, the world bank group, 1818 h street nw, washington, dc 20433, usa. The pickup in growth projected in the april 2017 world. The steady expansion under way since mid2016 continues, with global growth for 201819 projected to remain at its 2017 level. Jun 29, 2017 the congressional budget office cbo released updated budget and economic projections today, continuing to show an unsustainable picture of debt over the next ten years and beyond. Wor l d econom i c a nd f i na n ci a l s ur v ey s world economic outlook april 2017. Public disclosure authorized zambia economic brief world bank. The ieo2017 is the first ed ition of this report to include mo del results through 2050, which are available on the ieo page of the eia website. This was a weaker pace than anticipated in june figure 2. Overview of the world economic outlook projections 14 scenario table 1. Economic outlook the global economy continues growing at high rates at a quarterly 0. Economic growth is expected to recover slightly, to above 1 percent in 2017, driven mainly by the restoration of oil production to normal levels 2. Analysis of cbos updated budget and economic outlook june 2017.
The economic outlook 29 overview 29 fiscal and trade policies 32 the economic outlook for 2020 to 2024 34 the economic outlook for 2025 to 2030 43 box 21. Projections for these indicators are provided only through 2021. Another concern is rising debt, which may make it difficult for emdes to. Zambias economic outlook we project gdp growth in zambia to strengthen to 4. Global economic prospects june 2017 global outlook world bank. June 2017 monthly briefing in the world economic situation. Nevertheless, growth is still expected to be lower than in the five years prior to 2008, and a number of concerns still weigh heavily on these forecasts. Four largescale shifts in the global energy system set the scene for the world energy outlook 2017. The weo is released in april and septemberoctober each year. At the same time, cbo raised its estimate of outlays by. The wtos latest world trade outlook indicator wtoi4 reading of 102. For 2017, the forecast assumes the government will continue to implement its economic recovery plan, the harvest and electricity production will be stronger because of the favorable weather, and. Fiscal headwinds and recovery world bank 201006 market nervousness concerning the fiscal positions of several european highincome countries poses a new challenge for the world economy.
Continuing the cycle of forecast optimism followed by disappointment, global growth has been marked. Global economic activity is picking up with a longawaited cyclical recovery in investment, manufacturing, and trade, according to chapter 1 of this world economic outlook. Recent developments in india, the exchange of largedenominated currency in circulation in late 2016 weighed on investment, albeit temporarily. Stronger activity, expectations of more robust global demand, reduced deflationary pressures. Economic sentiment indicator, change since june 2017 7 1. Global economic growth on stronger footing, moderately. Dec 11, 2017 december 11, 2017 economic outlook the u. Change from wesp 2016 annual percentage change 2014 2015 2016. International monetary fund april 2017 v flow of funds table a14 224 mediumterm baseline scenario table a15 227 world economic outlook, selected topics 229 imf executive board discussion of the outlook, april 2017 237 tables table 1. June 2018 learning more, growing faster the world bank. Overview of the world economic outlook projections 2 scenario table 1. Broadbased upward revisions in the euro area, japan, emerging asia, emerging europe, and russia more than offset downward revisions for the united states and the united kingdom. Highlights download report pdf sections in this edition.