Executive Briefings

World Economy To Grow At 2.7 Percent, World Bank Says

The global economy is forecast to grow by 2.7 percent in 2017 after reaching a post-crisis low of 2.3 percent in 2016, according to the World Bank.

World Economy to Grow at 2.7 Percent, World Bank Says

The bank's Global Economic Prospects 2017 report said the receding of obstacles to economic activity in emerging markets and commodity exporters would drive growth. The forecast for advanced economies is growth edging up to 1.8 percent in 2017.

However, the forecast could be revised upwards if fiscal stimulus in economies such as the US generates faster domestic growth or downwards if rising trade protection has adverse effects.

Emerging and developing economies should see growth rise to 4.2 percent from 3.4 percent in 2016, largely due to modestly rising commodity prices.

Uncertainty about policy direction in many major economies could become protracted and prolong the sluggish investment climate that is hampering low, middle and high-income countries.

Read Full Article

The bank's Global Economic Prospects 2017 report said the receding of obstacles to economic activity in emerging markets and commodity exporters would drive growth. The forecast for advanced economies is growth edging up to 1.8 percent in 2017.

However, the forecast could be revised upwards if fiscal stimulus in economies such as the US generates faster domestic growth or downwards if rising trade protection has adverse effects.

Emerging and developing economies should see growth rise to 4.2 percent from 3.4 percent in 2016, largely due to modestly rising commodity prices.

Uncertainty about policy direction in many major economies could become protracted and prolong the sluggish investment climate that is hampering low, middle and high-income countries.

Read Full Article

World Economy to Grow at 2.7 Percent, World Bank Says