World Economy Autumn 2017 - World economy in full swing

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

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

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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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkeo:33

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