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On the state of the world economy in 2016 and the prospects for 2017-2018

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  • Agnes Ghibuțiu

Abstract

World GDP and international trade recorded their weakest growth performance in 2016, following the financial and economic crisis of 2008-2009. Numerous positive signals emerging in the first months of 2017 suggest that the long-awaited global economic recovery is gaining momentum, and support the expectation that after many false alarms and downward revisions in forecasts over the past few years, this time the recovery is real. These signals are underpinning the international economic organizations' projections that anticipate a revival in growth worldwide in 2017-2018, and also a gradual speeding up in the dynamics of international trade. However, they also warn about the rising economic, political and geopolitical risks, and especially the dangers implied by the unprecedented rise in political uncertainty.

Suggested Citation

  • Agnes Ghibuțiu, 2017. "On the state of the world economy in 2016 and the prospects for 2017-2018," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy, pages 1-10.
    • Handle: RePEc:iem:conjun:y:2017:p:1-10
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