World Economic Outlook, April 2017 : Gaining Momentum?

World Economic Outlook, April 18, 2017

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World Economic Outlook, April 2017 : Gaining Momentum?

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Bibliographic details

• Authors: International Monetary Fund. Research Dept.
• Published: April 18, 2017
• Series: World Economic Outlook

Global outlook and cyclical recovery (Chapter 1)

• Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade.
• World growth projections:
  • 2016: 3.1 percent
  • 2017: 3.5 percent
  • 2018: 3.6 percent
• Upside developments highlighted:
  • Stronger activity
  • Expectations of more robust global demand
  • Reduced deflationary pressures
  • Optimistic financial markets
• Key challenges and risks:
  • Structural impediments to a stronger recovery
  • Balance of risks remains tilted to the downside, especially over the medium term

Income convergence and external conditions (Chapter 2)

• Focus: How changes in external conditions may affect the pace of income convergence between advanced and emerging market and developing economies.
• Emphasis on the role of external environment in shaping convergence dynamics (no numerical forecasts provided in source text for Chapter 2 beyond thematic focus).

Labor share, root causes, and inequality (Chapter 3)

• Focus: The declining share of income that goes to labor.
• Examines:
  • Root causes of the decline in labor income share
  • How this trend affects inequality

Policy implications and recommended strategies

• Overall message: Need for credible strategies in both advanced economies and emerging and developing market economies to tackle common challenges in an integrated global economy.
• Policy focus areas implied by chapters:
  • Strengthen investment, manufacturing, and trade to sustain cyclical recovery
  • Address structural impediments to support medium-term growth
  • Monitor and respond to external conditions to support income convergence
  • Tackle declining labor income share to mitigate rising inequality

International Monetary Fund. Research Dept. World Economic Outlook, April 2017 : Gaining Momentum?, (USA: International Monetary Fund, 2017) accessed 9/2/2026

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References

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• Distribution of income
• Economic growth
• Economic integration
• Emerging markets
• External activities
• Gross domestric product growth
• Growth acceleration
• Growth deceleration
• Income inequality
• Market economies
• National income
• Output growth
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