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World Economy Autumn 2017 - World economy in full swing

Klaus-Jürgen Gern, Philipp Hauber, Stefan Kooths, Galina Potjagailo and Ulrich Stolzenburg

No 33, Kiel Institute Economic Outlook from Kiel Institute for the World Economy (IfW)

Abstract: In the second quarter of 2017, global output has reaccelerated after a somewhat muted start into the year. For the first time in a number of years, there is substantial economic momentum in almost all major economies at the same time. We expect world GDP growth on a PPP basis to rise to 3.7 percent and 3.8 percent in 2017 and 2018, respectively, up from a meagre 3.2 percent last year, representing an upward revision from our June forecast by 0.1 percentage points for both years. For 2019 we expect a deceleration of global growth to 3.6 percent.

Keywords: business cycle forecast; stabilization policy; leading indicators; outlook (search for similar items in EconPapers)
Date: 2017
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