World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges

World Economic Outlook, October 10, 2017

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World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges

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Bibliographic details

• Authors: International Monetary Fund. Research Dept.
• Published: October 10, 2017
• Series: World Economic Outlook

Global growth and short-term outlook

• Global growth in 2016 was 3.2 percent (the weakest since the global financial crisis).
• Global growth is projected to rise to 3.6 percent in 2017 and to 3.7 percent in 2018.
• The growth forecasts for both 2017 and 2018 are 0.1 percentage point stronger compared with projections earlier this year.
• Short-term risks are described as broadly balanced.

Regional revisions and relative performance

• Broad-based upward revisions were reported for:
  • the euro area
  • Japan
  • emerging Asia
  • emerging Europe
  • Russia
• Downward revisions occurred for:
  • the United States
  • the United Kingdom
• The upward revisions reflected that growth outcomes in the first half of 2017 were better than expected in the listed regions.

Ongoing weaknesses and sectoral impacts

• Growth remains weak in many countries despite the strengthening baseline outlook.
• Inflation is below target in most advanced economies.
• Commodity exporters—especially fuel exporters—are particularly hard hit as they adjust to a sharp step down in foreign earnings.

Medium-term risks and policy window

• Medium-term risks remain tilted to the downside.
• The cyclical pickup in global activity provides an opportunity to:
  • boost potential output
  • ensure the benefits of growth are broadly shared
  • build resilience against downside risks
• A renewed multilateral effort is recommended to address common challenges in an integrated global economy.

Thematic focus and subjects covered

• Climate changes; Climate changing activities; Climate policy
• Development; Distribution of income; Income (Personal); Income inequality
• Economic growth; Gross domestic product growth; Growth acceleration; Production growth
• Inflation; Real wages; Wage increases; Wage policy; Wages
• Market economies; Social safety nets; Spillovers; Unemployment
• World Economic Outlook

World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges — International Monetary Fund. Research Dept., October 10, 2017.

References

• https://www.imf.org/en/publications/weo
• United States and the IMF
• IMF-World Bank Debt Sustainability Framework for Low-Income Countries -- A Factsheet
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• Climate changes
• Climate changing activities
• Climate policy
• Development
• Distribution of income
• Economic growth
• Gross domestric product growth
• Growth acceleration
• Income (Personal)
• Income inequality
• Inflation
• Market economies
• Production growth
• Real wages
• Social safety nets
• Spillovers
• Unemployment
• Wage increases
• Wage policy
• Wages
• World Economic Outlook
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