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Global Economic Outlook, 2017

Global Economic Outlook, 2017

The year 2017 will be the sixth year of global stagnation and the global economic outlook indicates a slow-growing global economy, ranging from 3.0% to 3.4% Gross Domestic Product (GDP) growth. Global economic growth and business confidence have had a mixed impact thus far. The world has entered a period of greater geopolitical uncertainty. Geopolitical events, restrained demand, and weak investments will take a toll on the global growth trajectory. Lack of business confidence due to global uncertainties will make investors wait and watch, which in turn could slow the progress further. In 2017, the US economy is likely to pick up modestly from stronger business confidence. Internal economic activity in Europe and Japan is also stronger. However, uncertainties of different kinds are weighing down on emerging markets’ growth prospects. The question of rising interest rates is a fundamental one in 2017. In the short term the interest rates have gone up because of the US election. Having said that, there are more fundamental forces that are supporting a sustainable rate rise across the world. All major central banks such as the Federal Reserve, the European Central Bank, and even the Bank of Japan have started withdrawing from an accommodative monetary policy since 2016. This progressive withdrawal of accommodative monetary policy will ensure that the rate rise is actually sustainable. On the positive side, oil and commodity prices are expected to recover somewhat. The outlook for advanced economies has improved for 2017–2018 due to stronger activity in the second half of 2016 as well as an expected fiscal stimulus in the US. Given this, businesses need to stay focused on strengthening growth factors, such as technology, innovation, skills, and possible disruptive forces. Down the road, new digital tools and technology could increase workers’ productivity everywhere. Businesses can prepare for their own disruptions and invest in their own disruptive strategies. It will be fruitful to leverage digital technology to strengthen the capabilities of the workforce so that they can be used more productively. These measures can help shorten the long period of slow global growth.

The key questions that this Frost & Sullivan research will answer are:
• What is the global macroeconomic outlook? Will global growth gain pace in 2017?
• What are the top economic trends of 2017?
• What are the most important economic predictions of 2017?
• How can major geopolitical events affect global growth?
• What will be the future of trade, investments, interest rates, inflation, oil and commodity prices in 2017?
• What are the region-specific growth trends, risks, and policy challenges?


  • Executive Summary
    • Top Economic Trends 2017
    • Top Economic Predictions-2017
    • Top Predictions in 2017-Advanced Economies
    • Top Predictions in 2017-BRICS Nations
    • World's 20 Largest Economies in 2016
    • World's 20 Fastest Growing Economies in 2016 and 2017
    • World Economic Snapshot-2015 to 2017
    • Other Macro-Economic Highlights-2017
    • Major Industry Highlights-2017
  • Research Scope, Objectives, and Definitions
    • Research Scope
    • Definitions of Indicators and Measurements
  • Global Economy in 2016
    • Global Economic Growth Remained Lacklustre in 2016
    • Emerging Economies Projected a Diverse Growth Scenario
    • Lower Oil and Commodity Prices are Set for Recovery
    • Exchange Rate Movements
    • Industrial Production and Merchandise Trade
  • Global Outlook for 2017
    • Global GDP Outlook-2017
    • Global Inflation Outlook-2017
    • Global Trade Position-2017
    • Global Investment Position-2017
  • Regional Outlook 2017-Europe
    • Europe-Gradual Growth; Trade Uncertainty Hampers Investment
    • Europe Economic Outlook 2017
    • UK-Brexit Uncertainty and Inflation Drags Economic Growth Down
    • Europe 2017-Risks and Policy Challenges
  • North America
    • North America-Strong Growth in the US; Canada Recovers
    • North America 2017-Risks and Policy Challenges
  • Latin America
    • Latin America-Economic Contraction in 2016, Recovery in 2017
    • Largest Economies in Latin America-What is the Outlook?
    • Latin America 2017-Risks and Policy Challenges
  • Asia-Pacific
    • Asia-Pacific-Buoyed Confidence and Demand Recovery
    • Asia-Pacific 2017-Risks and Policy Challenges
  • The Middle East and Africa
    • The Middle East-Faint Oil Price Recovery, Conflicts Obstruct Growth
    • Africa-Slow Oil Price Recovery and Weak Demand Dampen Growth
    • The Middle East and Africa 2017-Risks and Policy Challenges
  • Key Conclusions
    • Top Trends by Region in 2017
    • Key Conclusions

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