THE WORLD ECONOMY IN 2017 AND THE PROSPECTS FOR 2018

Andrei Radulescu

Revista de Economie Mondiala / The Journal of Global Economics, 2017, vol. 9, issue 4, 3-11

Abstract: The dynamics of the global economy improved in 2017 under the influence of the expansionary policy mix in the US and Euroland, as well as the wave of optimism across the international financial markets. An acceleration of fixed investments in the United States may be noticed, given the expected effects of the fiscal reform implemented by the Trump administration. At the same time, GDP in the Euroland roseat its highest pace since 2007, due to the expansionary monetary policy promoted by the European Central Bank and the accelerating global economy. This paper gives a brief review of the recent developments in the global economy, the United Statesand Euroland, as well as the prospects for 2018.

Keywords: world economy; USA; Euroland; potential output; economic policy (search for similar items in EconPapers)
JEL-codes: C30 E50 F01 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:9:y:2017:i:4:p:3-11

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