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. The international monetary fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade. Further, confidence in the macroeconomic framework is forecasted. Measuring regulatory quality and efficiency, the world bank. The global upswing in economic activity is strengthening. 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. Imf world economic outlook update sunday july 23, 11.
The global economic outlook world economic forum annual. I think the year coming is going to be a year of great challenges. Chapters give an overview as well as more detailed. Imf cuts 2016 global economic growth outlook after brexit. Imf lowers indias growth forecast over demonetisation. World economic outlook, october 2016 imf bookstore.
International monetary fund imf data and statistics. Imf chief economist maury obstfeld introduces the world economic outlook 2016 and highlights the funds findings and recommendations for policymakers going forward. The economic impact of this will be far reaching he says. Brexit, low growth and the spectre of protectionism stalk an. World emerging market and developing economies china india brazil russia south africa subsaharan africa 2017 3. There are structural limits to both the success, in quantitative. 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. Global growth consolidates but risks remain on balance, growth forecasts for 201718 are largely unchanged. The weo is released in april and septemberoctober each year. Outlook for monetary policy in south africa address by mr. Imf downgrades outlook for world economy washington post.
I can afford to be brief on some of the details given that the weo has enjoyed wide coverage over the last couple of days. 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. Global growth, which in 2016 was the weakest since the global financial crisis at 3. Jul 23, 2017 for those of us interested in this kind of information, the imf will be publishing their update on global economy outlook. 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 imf publishes a closely watched world economic outlook that forecasts the economic prospects of different countries and regions. Oct 16, 2017 the imf in its latest world economic outlook said it expects emerging and developing market growth to rise from 4.
The weo is prepared by the imf staff and has benefited. United states economic outlook 2nd quarter 2017 4 2. The outlook assumes no further deterioration of security spillovers in and around jordan. Imf world economic outlook weo update, january 2016. Contents international monetary fund october 2016 v tables table 1.
The world economic outlook weo is a survey by the imf staff published twice a year, in the spring and fall. This weo update briefly elaborates on these themes and their implications for policymakers. Imf s world economic outlook database, october 2015. Africa imf world economic outlook puts ghana in the lead.
Imf has slashed indias growth forecast by one percentage point to 6. Commodity prices have recovered since their february 2016 trough, but they are still expected to remain low for the foreseeable future. Imf lowers global economic outlook after brexit vote. 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. Overview of the world economic outlook projections 2 annex table 1. A look at what the imf sees in store for asia in 2018, after releasing its world economic outlook update at davos. The imfs latest world economic outlook released tuesday foresees a slight. 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. Real gdp, consumer prices, current account balance.
Global economic upswing creates a window of opportunity imf. Imf study warns free trade seen as benefiting only a. The united nations world tourism organization unwto also contributed to the report. World economic outlook international monetary fund. Jan 16, 2018 the aggregated quarterly data are seasonally adjusted.
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. Imf downgrades outlook for world economy, citing trade wars. 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. 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. 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. World economic outlook october 2016 economic policy. The international monetary fund imf is an international organization headquartered in washington, d. Inflation, average consumer prices pcpi index expressed in averages for the year, not endofperiod data. Emerging market party buttressed by upbeat imf outlook hsbc. According to the october 2016 world economic outlook, global growth is projected to slow to 3. 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. Imf downgrades worlds economic outlook, citing trade wars.
It presents imf staff economists analyses of global economic developments during the near and medium term. Outlook jordans economic growth is expected to remain flat at 2. 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. For optimum experience we recommend to update your browser to the latest version. Lao peoples democratic republic lao economic monitor fy1516.
Zimbabwe economic crisis deepening, imf report says. At the same time, however, the expansion has become less balanced and may have peaked in some major economies. Imf downgrades outlook for world economy, citing trade. Difference based on rounded figures for the current, july 2017 world economic outlook update, and april 2017 world economic outlook forecasts. 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. 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.
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. The international monetary fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the. World economic outlook a survey by the imf staff usually published twice a year. 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. World economic outlook, october 2016, imf page created. Ghanas economic strength is expected to soar in 2019. Oct 10, 2017 the latest world economic outlook has therefore upgraded its global growth projections to 3. Jul 19, 2016 imf lowers global economic outlook after brexit vote. Imf cuts 2016 global economic growth outlook after brexit vote uncertainty caused by u. 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. International monetary fund imf data and statistics gdp. 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. International monetary fund, world economic outlook. Imf world economic outlook puts ghana in the lead africa.
The international monetary fund is further downgrading its outlook. World economic outlook, october 2017 imf bookstore. On the more shortterm, the rising dollar is an issue, says fink. Oct 10, 2017 imf lowers indias growth forecast over demonetisation, gst. The world economic outlook weo is a survey by the imf. The worlds fastestgrowing economy is located in africa. 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. 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 imfs latest world economic outlook released tuesday foresees a slight rebound in 2020 but warns of threats ranging from heightened political tensions in. Challenges to steady growth october 3, 2018 description.
There is a slight positive bias for the eurozone and especially china, where we expect 6. 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. A consumer price index cpi measures changes in the prices of goods and services that households consume. Stronger activity, expectations of more robust global demand, reduced deflationary pressures, and optimistic. The steady expansion under way since mid 2016 continues, with global growth for 201819 projected to remain at its 2017 level. 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.