The global upswing in economic activity is strengthening. On the more shortterm, the rising dollar is an issue, says fink. A consumer price index cpi measures changes in the prices of goods and services that households consume. Overview of the world economic outlook projections 2 annex table 1. The outlook assumes no further deterioration of security spillovers in and around jordan. The international monetary fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the.
Imf cuts 2016 global economic growth outlook after brexit vote uncertainty caused by u. Emerging market party buttressed by upbeat imf outlook hsbc. It presents imf staff economists analyses of global economic developments during the near and medium term. The weo is released in april and septemberoctober each year. Global growth, which in 2016 was the weakest since the global financial crisis at 3. World economic outlook, october 2017 imf bookstore. Abstract o the world economic outlook weo database is updated twice a year april and september as part of the publication of the world economic outlook report. Jul 19, 2016 in its latest world economic outlook, the imf said that it is revising its baseline outlook for 2016 global growth down by 0. World economic outlook october 2016 economic policy.
Economic commission for europe ece, economic commission for latin america and the caribbean eclac, economic and social commission for asia and the pacific escap and economic and social commission for western asia escwa. Stronger activity, expectations of more robust global demand, reduced deflationary pressures, and optimistic. Public debt in lowerincome economies lies has risen in recent years, with half of the countries covered in this report now assessed to be at high risk of or already in debt distress. Lao peoples democratic republic lao economic monitor fy1516. Chapters give an overview as well as more detailed. International monetary fund imf data and statistics gdp.
The international monetary fund is further downgrading its outlook. Oct 10, 2017 the latest world economic outlook has therefore upgraded its global growth projections to 3. Imf lowers global economic outlook after brexit vote. Contents international monetary fund october 2016 v tables table 1. The imfs latest world economic outlook released tuesday foresees a slight. At the same time, however, the expansion has become less balanced and may have peaked in some major economies. The worlds fastestgrowing economy is located in africa. World economic outlook, october 2016 imf bookstore. The weo is prepared by the imf staff and has benefited. The economic impact of this will be far reaching he says.
There is a slight positive bias for the eurozone and especially china, where we expect 6. The united nations world tourism organization unwto also contributed to the report. Imf s world economic outlook database, october 2015. Global economic growth will remain subdued this year following a slowdown in the united states and britains vote to leave the european union, the imf said in its october 2016 world economic outlook. The global economic outlook world economic forum annual. Inflation, average consumer prices pcpi index expressed in averages for the year, not endofperiod data. World economic outlook, october 2016, imf page created.
The world economic outlook weo presents imf economists analyses of global economic developments, issues affecting advanced, emerging, and developing economies, and topics of current interest. Outlook for monetary policy in south africa address by mr. Imf has slashed indias growth forecast by one percentage point to 6. World emerging market and developing economies china india brazil russia south africa subsaharan africa 2017 3. The world economic outlook weo that has just been released by the international monetary fund imf has confirmed recent observations that the global recovery remains weak. Real gdp, consumer prices, current account balance. Iraqs economic outlook spring 2016 the latest mena economic monitor report spring 2016, expects iraqs economy to recover from a low base, growing at 7. There are structural limits to both the success, in quantitative. For optimum experience we recommend to update your browser to the latest version. International monetary fund imf data and statistics. World economic outlook october 2016 the world economic outlook weo presents imf economists analyses of global economic developments, issues affecting advanced, emerging, and developing economies, and topics of current interest. 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. As a result, the global outlook for 201617 has worsened, despite the betterthanexpected.
Oct 10, 2017 imf lowers indias growth forecast over demonetisation, gst. Challenges to steady growth october 3, 2018 description. Further, confidence in the macroeconomic framework is forecasted. Zimbabwe economic crisis deepening, imf report says. World economic outlook international monetary fund. There is also the financial risk to emerging markets of the rising dollar, he says, echoing christine lagardes comments, and the fact that protectionism might further reinforce it. The world economic outlook weo is a survey by the imf. A look at what the imf sees in store for asia in 2018, after releasing its world economic outlook update at davos. Imf world economic outlook update sunday july 23, 11. May 04, 2016 wracked by drought, deflation and falling world commodity prices, the zimbabwean economy faces deepening economic difficulties with little relief in sight, the international monetary fund said in.
Rising trade uncertainty is cited as a driving factor for sluggish global growth in the current issue of the imfs world economic outlook, which describes the state of the world economy. The world economic outlook weo is a survey by the imf staff published twice a year, in the spring and fall. Imf downgrades worlds economic outlook, citing trade wars. Difference based on rounded figures for the current, july 2017 world economic outlook update, and april 2017 world economic outlook forecasts. Imf world economic outlook weo update, january 2016. Apr 12, 2016 imf chief economist maury obstfeld introduces the world economic outlook 2016 and highlights the funds findings and recommendations for policymakers going forward. The steady expansion under way since mid 2016 continues, with global growth for 201819 projected to remain at its 2017 level. Global growth consolidates but risks remain on balance, growth forecasts for 201718 are largely unchanged. Jul 23, 2017 for those of us interested in this kind of information, the imf will be publishing their update on global economy outlook. Africa imf world economic outlook puts ghana in the lead. Measuring regulatory quality and efficiency, the world bank. Ghanas economic strength is expected to soar in 2019. Jan 16, 2017 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.
The latest imf world economic outlook trims its 2016 and 2017 global growth forecast by a tenth each year, compared to the agencys. The imf publishes a closely watched world economic outlook that forecasts the economic prospects of different countries and regions. According to the october 2016 world economic outlook, global growth is projected to slow to 3. The international monetary fund imf is an international organization headquartered in washington, d. Outlook jordans economic growth is expected to remain flat at 2. The international monetary fund imf on tuesday reduced its global economic growth projection for 2016 and 2017, with the nigerian economy projected to contract by about 4. International monetary fund, world economic outlook. Brexit, low growth and the spectre of protectionism stalk an. Sep 27, 2016 in a chapter from the halfyearly world economic outlook study released ahead of its annual meeting next week, the imf said the weakness of the global economy, rather than a wave of protectionism. Imf downgrades outlook for world economy washington post. Imf cuts 2016 global economic growth outlook after brexit. This is correct, although the international monetary fund has also reduced its expectations for the uks economy next year by more than any g7 country. Jan 16, 2017 maurice obstfeld, chief economist at international monetary fund, discusses the imfs world economic outlook, with a focus on china, the postbrexit u. World economic outlook a survey by the imf staff usually published twice a year.
Imf downgrades outlook for world economy, citing trade wars. By mark weisbrot and jake johnston april 2016 for more than 20 years there have been efforts to reform the international monetary fund imf through changing its voting structure. Jul 19, 2016 imf lowers global economic outlook after brexit vote. Imf lowers indias growth forecast over demonetisation. Imf study warns free trade seen as benefiting only a. The imfs latest world economic outlook released tuesday foresees a slight rebound in 2020 but warns of threats ranging from heightened political tensions in.
This weo update briefly elaborates on these themes and their implications for policymakers. Jan 16, 2018 the aggregated quarterly data are seasonally adjusted. Imf world economic outlook puts ghana in the lead africa. Imf downgrades outlook for world economy, citing trade. Strong growth in india, relatively strong growth in the united states, disappointing but improving growth in europe and japan, slowing growth in china and weakness in many other emerging markets.
Imf chief economist maury obstfeld introduces the world economic outlook 2016 and highlights the funds findings and recommendations for policymakers going forward. Oct 01, 2016 the imfs flagship publication, the world economic outlook, could see no reason why the new normal would come to an end and hailed the liberalisation of world financial markets as an. Jul 20, 2016 following a rough start at the beginning of the year, both external and domestic conditions in latin america and the caribbean have improved. 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. Commodity prices have recovered since their february 2016 trough, but they are still expected to remain low for the foreseeable future. Global economic upswing creates a window of opportunity imf. Oct 16, 2017 the imf in its latest world economic outlook said it expects emerging and developing market growth to rise from 4. The international monetary fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade. United states economic outlook 2nd quarter 2017 4 2.