World Economic Outlook, April 2017: Gaining Momentum?

April 18, 2017

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World Economic Outlook, April 2017: Gaining Momentum?, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade, according to Chapter 1 of this World Economic Outlook. World growth is expected to rise from 3.1 percent in 2016 to 3.5 percent in 2017 and 3.6 percent in 2018. Stronger activity, expectations of more robust global demand, reduced deflationary pressures, and optimistic financial markets are all upside developments. But structural impediments to a stronger recovery and a balance of risks that remains tilted to the downside, especially over the medium term, remain important challenges. Chapter 2 examines how changes in external conditions may affect the pace of income convergence between advanced and emerging market and developing economies. Chapter 3 looks at the declining share of income that goes to labor, including the root causes and how the trend affects inequality. Overall, this report stresses the need for credible strategies in advanced economies and in those whose markets are emerging and developing to tackle a number of common challenges in an integrated global economy.

Subject: Commodity prices, Emerging and frontier financial markets, Financial markets, Global value chains, Globalization, Inflation, Labor, Labor share, National accounts, Personal income, Prices

Keywords: Advanced economy, Asia and Pacific, Caribbean, Commodity exporter, Commodity price, Commodity prices, Commodity terms of trade, Core inflation, Core inflation dynamics, Developing economy, Economy, Emerging and frontier financial markets, Emerging market, Europe, Global, Global value chains, Income share, Inflation, Labor share, Labor share, Market expectation, Middle East, North Africa, Personal income, WEO

Publication Details

Pages:

258
Volume:

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DOI:

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Issue:

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Series:

World Economic Outlook No. 2017/001
Stock No:

WEOEA2017001
ISBN:

9781475564655
ISSN:

0256-6877

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