International monetary fund, world economic outlook. Nevertheless, growth is still expected to be lower than in the five years prior to 2008, and a number of concerns still weigh heavily on these forecasts. International monetary fund, world economic outlook database, october 2017. The budget outlook 5 overview 5 deficits and debt 5 outlays 11 box 11. First, after multiple headwinds dampened growth in 2017, the incipient rebound in economic activity in kenya is gaining momentum. World economic outlook weo definition investopedia. It also presents longterm projections for transport demand to 2050 for freight. Insight report the global risks report 2017 12th edition. Latin american economic outlook 2017 youth, skills and entrepreneurship youth progress skills education growth innovation middle class challenge technol gy opportunities. United nations, department of economic and social affairs, population division 2017.
Assumed policy actions relative to the weo baseline 36 table 1. The graphics in this presen tation focus on projections through 2040. Imf executive board discussion of the outlook, october 2017. Latin american economic outlook 2017 youth, skills and entrepreneurship youth progress skills education growth innovation middle. Incorporated as a notforprofit foundation in 1971, and headquartered in geneva, switzerland, the forum is tied to no political, partisan or national interests. World economic outlook, selected topics 273 imf executive board discussion of the outlook, october 2017 283 tables table 1. A report by the international monetary fund imf that contains analysis and projections of the integral elements of the imfs surveillance of economic developments. As the gradual recovery of oil prices improves confidence and encourages private. Global economic prospects june 2017 chapter 1 5 recovery will be broadbased, impacting nearly 70 percent of commodity exporters in 2017. For more details, refer to appendix c of this ireporti. After a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and. While less austere budgets could temporarily boost growth, an increase in borrowing today by the public and private sectors risks narrowing growth prospects in the future.
Imf world economic outlook weo database, october 2017. In 2018, a boost in the hydrocarbon sector will drive the recoveryas the opec plus restrictions on oil supply are lifted and the khazzan gas project expands production capacity. Broadbased upward revisions in the euro area, japan, emerging asia, emerging europe, and russia more than offset downward revisions for the united states and the united kingdom. Statistics manual 2014 gfsm 2014have been or are being aligned with the sna 2008. In your country, how is the quality extensiveness and condition of road infrastructure 1 extremely pooramong the worst in the world. World bank 201709 the objective of this report is to share perspectives with the government of bangladesh, think tanks and researchers, the public as well as the banks senior management.
Trends 2017 takes stock of the current global labour market situation, assessing the most recent employment developments and forecasting unemployment levels in developed, emerging and developing countries. The pickup in growth projected in the april 2017 world. These standards reflect the imfs special interest in countries. Published every year based on objective data and dispassionate analysis, the world energy outlook weo provides critical analysis and insights on trends in energy demand. Now in its 12th edition, the global risks report 2017 completes more than a decade of highlighting the most significant longterm risks worldwide, drawing on the perspectives of. The long view how will the global economic order change by.
The kenya economic outlook 2017 report provides an overview of kenyas economic environment and key sectors. After three flat years, global energyrelated carbon dioxide co2 emissions rose by 1. Global economic prospects june 2017 global outlook world bank. As usual, the outlook is predicated only on legislated fiscal and trade policies. Growth takes a hit, but the risk of a downturn will be contained the global economy took a bigger hit in 2019 than anticipated, slowing to 2. World bank east asia and pacific economic update, october.
Outlook economic growth is set to modestly recover over the medium term. These changes provide the backdrop for the world energy outlook 2017, which includes a full update of energy demand and supply projections to 2040 based on different scenarios. Global growth, which in 2016 was the weakest since the global financial crisis at 3. Overview of the world economic outlook projections 14. In its latest world economic outlook, the international monetary fund imf revised up its forecast for global economic growth to 3. Stagnating growth amid an uncertain outlook global economy. Kenyas development journey, it is my pleasure to present the 17th edition of the kenya economic update.
World economic outlook, october 2017 international monetary fund. Higher external demand, rebounding global commodity prices, and domestic reform support widespread acceleration, with growth picking up in twothirds of the regions 45 economies. Growth takes a hit, but the risk of a downturn will be contained the global. In 2018, a boost in the hydrocarbon sector will drive the recoveryas the opec plus restrictions on oil supply are. The global risks report 2017, 12th edition is published by the world economic forum within the framework of the global competitiveness and risks team. Greater than 50 percent between 35 and 50 percent less than 35 percent 20 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. World bank east asia and pacific economic update, october 2019. A brighter growth outlook and reduced risk of deflation saw the global stock index hit an alltime high in early 2017 and government bond yields grind higher.
The world is expected to enter a period of recovery after the great recession of. The international monetary fund imf is an international organization headquartered in washington, d. Categories of federal outlays 15 revenues 23 chapter 2. April 2017 world economic outlook international monetary fund. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing. The long view how will the global economic order change by 2050. The world economic outlook is a biennial report that is released in april and october. Overview of the world economic outlook projections 14 scenario table 1. The unchanged global growth projections mask somewhat different contributions at the country level. Four largescale shifts in the global energy system set the scene for the world energy outlook 2017. Official symbols of united nations documents are composed of capital letters combined with numbers, as illustrated in the above citation. January 2017 forecast establishments amount percent change over previous year amount percent change over previous year amount percent change over previous year automotive 37,603 1. The 2019 april cambodia economic update ceu was prepared by sodeth ly, with contributions from miguel eduardo sanchez martin, runsinarith phim, linna ky, kimsun tong, anne marie provo, somil nagpal, phyrum kov and ekaterine vashakmadze.
The report this year examines how chinas choices could reshape the global outlook for all fuels and technologies. The timorese authorities have revised the compilation. A firming recovery july 2017 world economic outlook. Asian development outlook 2017 forecasts gross domestic product in the region expanding by 5. January 2017 forecast establishments amount percent change over previous year amount percent change over previous year amount. The global upswing in economic activity is strengthening.
Nonhydrocarbon gdp growth is estimated to continue to slow down to 2. Correlates of growth projections, emdes, 201722 46 annex table 1. Trends 2017 takes stock of the current global labour market situation, assessing the most recent employment developments and forecasting. World economic outlook, october 2018 challenges to steady growth global growth for 201819 is projected to remain steady at its 2017 level, but its pace is less vigorous than projected in. Global economic activity is picking up with a longawaited cyclical recovery in investment, manufacturing, and trade, according to chapter 1 of. The healing process following the 200809 recession will continue to make slow, erratic progress over the next five years. Projections for these indicators are provided only through 2021.
The ieo2017 is the first ed ition of this report to include mo del results through 2050, which are available on the ieo page of the eia website. The economic outlook 29 overview 29 fiscal and trade policies 32 the economic outlook for 2020 to 2024 34 the economic outlook for 2025 to 2030 43 box 21. The authorities have already reduced oil production to 9. After the 2012 slowdown global economic growth is expected to pick up gradually through 2017. Growth in the hydrocarbon sector is expected to be moribund in line with the recent opec agreement. Itf transport outlook 2017 itf transport outlook 2017 the itf transport outlook provides an overview of recent trends and nearterm prospects for the transport sector at a global level. A report by the international monetary fund imf that contains analysis and projections of the integral elements of the imfs surveillance of. Maurice obstfeld, chief economist at international monetary fund, discusses the imfs world economic outlook, with a focus on china, the postbrexit u. Averages for 19902008 and 200308 include all emdes. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators.
World population prospects department of economic and. Global growth to pick up slowly through 2017, but downside factors still remain. The global upswing in economic activity is strengthening, with global growth projected to rise to 3. The recovery in global trade coincides with strengthening investment, which is more importintensive than other components of aggregate demand. According the report released recently on october 15, 2019, the global economy is at. Gdp growth in lowincome countries is projected to recover to 5. The world economic forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and. As the world economic situation and prospects 2018 demonstrates, current. Wor l d econom i c a nd f i na n ci a l s ur v ey s world economic outlook april 2017 gaining. The report also highlights significant allocations from the 201718 budget to. In 2017, oman joined most opec nonmembers in participating in oil production cuts, leading to a contraction of the hydrocarbon sector by 2. Global economic outlook world economic forum annual. Weathering growing risks world bank 20191009 growth in the developing east asia and pacific region slowed in the first half of 2019 given weakening global demand and heightened policy uncertainty amid ongoing trade tensions.
The weo is released in april and septemberoctober each year. Global risks report 2017 reports world economic forum. The costs of solar pv and wind continue to fall, but oil. This reflects a moderate recovery in oil and metals exporters toward their long term average growth.
World employment and social outlook trends for women 2017 once in employment, nearly 15 per cent of women are contributing family workers i. World emerging market and developing economies china india brazil russia. The ieo2017 is the first ed ition of this report to include mo del results through. Oneineight of the worlds population has no access to electricity and new challenges are coming into focus in the power sector, from system flexibility to cyber security. Weathering growing risks world bank 20191009 growth in the developing east asia and pacific region slowed in the. World economic outlook international monetary fund. Eias international energy outlook 2017 ieo2017 presents an assessment of longterm world energy markets. However, i still think it is important to take a longer term view of global economic prospects that looks beyond the short. The world economic forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Global economic prospects june 2017 global outlook. Itf transport outlook 2017 itf transport outlook 2017. World economic outlook update, january 2017 international.
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