IDEAS home Printed from https://ideas.repec.org/p/zbw/ifwkeo/31.html
   My bibliography  Save this paper

World Economy Summer 2017 - Sustained acceleration of the world economy

Author

Listed:
  • Gern, Klaus-Jürgen
  • Hauber, Philipp
  • Kooths, Stefan
  • Stolzenburg, Ulrich

Abstract

In the middle of 2017, the world economy is experiencing robust growth. Especially in the advanced economies economic sentiment is upbeat, despite considerable economic policy uncertainty. We have increased our forecast for global GDP growth-on PPP basis-by 0.1 percentage points both in 2017 and 2018 to 3.6 percent and 3.7 percent, respectively. In the US, output growth is expected to strengthen to 2.2 percent this year and 2.5 percent next year, in part reflecting significant fiscal stimulus. The recovery in the euro area should continue at the current pace of around 2 percent per year. While growth in most emerging economies will likely increase, we expect China's economy to gradually decelerate. Major risks for the forecast emanate from political uncertainties and potential financial disruptions in the process of the normalization of monetary policy, which is already underway in the US and will be increasingly on the agenda in other economies such as the euro areal.

Suggested Citation

  • Gern, Klaus-Jürgen & Hauber, Philipp & Kooths, Stefan & Stolzenburg, Ulrich, 2017. "World Economy Summer 2017 - Sustained acceleration of the world economy," Kiel Institute Economic Outlook 31, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkeo:31
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/209494/1/kkb_31_2017-q2_world.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:ifwkeo:31. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/iwkiede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.