World furniture outlook 20172018 new 100 countries edition. The outlook for the level of resource exports is lower than previously expected. Inflation subsided owing to a stable exchange rate, which depreciated by only 3. Another concern is rising debt, which may make it difficult for emdes to. The economic impact of this will be far reaching he says. The downside risks to this outlook arise from subdued private sector credit growth that could curtail private investment. Dec 17, 2015 the us economic outlook 17 december 2015 patrick newport, director of long term forecasting.
Global economic prospects january 2016 chapter 1 3 summary and key messages a further deceleration of activity in key emerging and developing economies overshadowed a modest recovery in major highincome countries in 2015. The world employment and social outlook is the ilos flagship report on world of work issues. Contacts the international energy outlook 2016 was prepared by the u. While the digital economy now only accounts for 7% of asean gdp. October 2016 outperforming the region and managing the transition.
This report is a product of the staff of the international bank for reconstruction and developmentthe world bank, supported by funding from the australian government under the support for enhanced macroeconomic and fiscal. Global growth, which in 2016 was the weakest since the global financial crisis at 3. Jan, 2017 slow growth, low economic participation, and a high cost of living are the foremost economic trends as the calendar changes to 2017. World bank, ha nguyen economist, decmg, world bank, andy d. Mena economic monitor april 2016 recent economic developments and prospects global outlook in january 2016, the world bank projected that global economic growth would hover around 2. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators.
Risks to the outlook remain firmly on the downside, including the possibility of escalating trade tensions. Insight report the global competitiveness report 20152016. Thailand economic outlook deloitte thailand insights. June 2018 learning more, growing faster world bank. The world economic outlook weo is a survey by the imf staff published twice a. World bank staff calculations 17 but all other major revenue sources fell in 2016 other8642 0 2 4 6 8 jandec 2016 jandec 2016 excl tax amnesty excluding the tax amnesty, revenue decreased by 3. Classification by world economic outlook groups and their shares in aggregate gdp, exports of goods and services, and population, 2015 table b. The terms country and nation as used in this report do not in. World input prices oecdfao agricultural outlook 20162025. The recovery is projected to strengthen in 2017 and beyond, driven primarily by emerging market and developing economies, as conditions in stressed economies start gradually to normalize. The congressional budget office projects that over the next decade, if current laws remained generally unchanged, budget.
Output growth and inflation forecastsa per cent yearended jun 2016 dec 2016 jun 2017 dec 2017 jun 2018 dec 2018. The expenditure outlook presents expenditure projections funded by general fund revenues. The oecd economic outlook is the oecds twiceyearly analysis of the major economic trends and prospects for the next two years. Macroeconomic performance and outlook following the 2016 political transition, gdp growth accelerated to 6. General features and composition of groups in the world economic outlook classification 206 table a. World growth is still stumbling along at around 3%, trade growth is slower still, and inflation remains below target in most oecd economies, despite. The weo is prepared by the imf staff and has benefited from comments and suggestions by executive directors following their discussion of the report on march 28. The baseline projection for global growth in 2016 is a modest 3.
Compared to the projection in the winter issue of mississippi economic outlook, this forecast is lower by 0. General features and composition of groups in the world economic outlook classification table a. Economic outlook 2016 will be a year of world growth without changes in our main scenario of global acceleration. The demographic outlook presents population projections from the pennsylvania state data center. Data and research on economic outlooks, analysis and forecasts, including economic projections, economic outlooks, economic surveys, oecd forecasts during and after the financial crisis. The publication also provides readers with the most uptodate.
World economic situation and prospects 2016, which are unlikely to ease in the near term. World economic situation prospects the united nations. Pwc main scenario projections the uk economy slowed a little in early 2015 but domestic demand growth remained relatively strong, helped by lower oil prices. The global competitiveness report 2015 2016 herein. International monetary fund imf world economic outlook weo database, cited in pwc s the future of asean time to act, 2018 1,163 23. The economic recovery, such as it was, has been over for a year. These favourable forecasts are based on smaller macroeconomic imbalances than in previous years, a still. Link global economic outlook 20152016 united nations. In the firstquarter edition of global economic outlook, our farflung economists examine the global economic environment and offer their thoughts on the current situation and the likely future path.
The core team consisted of catherine ngumbau, mahjabeen haji, ephraim kebede, tim kelly, fuad mohamed sharif, isabella hayward and margaret odhiambo. World economic outlook international monetary fund. We saw unrest in the middle east, tensions in europe, a slowing chinese economy, and a guessing game over what the u. Continuing the cycle of forecast optimism followed by disappointment, global growth has been marked down, by some 0. World economic situation and prospects 2016 unctad.
Consumer spending in victoria grew at a solid pace of 3. Economic outlook latin america 2nd quarter 2017 3 1. Oecd ilibrary oecd economic outlook, volume 2016 issue 1. In keeping with national practice, data for bangladesh, arab republic of egypt, india, and pakistan are reported on a. The world economic outlook weo is a survey by the imf staff published. The weo is released in april and septemberoctober each year.
However, the world bank expects myanmars economic growth will have a slight pickup in the 201819 fiscal year, rising to 6. The combination of low interest rates and a stilllow australian dollar has provided support to some of victorias key industries. The reduction in expected growth primarily results from downgrades to the forecast for the change in u. The banking sector has also now largely stabilized.
These factors, among others, put investors on edge. As several ongoing global challenges especially the ongoing trade war will triggered a thai export slump, resulting in a domino effect on other domestic sectors of the economy. Download the reports by clicking the download button on the right. Paul holtberg, team leader, analysis integration team paul. African economic outlook 2016 algeria angola benin botswana burkina faso burundi cabo verde cameroon central african republic chad comoros congo congo, dem. The oecd economic outlook includes for the first time projections up to 2020. African economic outlook 2014 algeria angola benin botswana burkina faso burundi cabo verde cameroon central african rep. The numbers in brackets indicate the starting year for the time series and the latest available historical data included in this outlook database. Economic activity was sustained by domestic consumption and. Sep 21, 2016 the guardian view on the global economic outlook.
In addition, uncertainty created by low oil prices and the provinces fiscal deficit is. Angola continues to face a challenging macroeconomic environment since the sharp drop in oil prices in 2014. Confirming the world s positive outlook on the continent, african governments have been able to tap into international capital markets through sovereign bond issuances. Indonesia economic developments and outlook world bank. Growth remains resilient as macroeconomic policy is tightened exceeding market expectations, gdp increased by 6. Download report eng download report lao sections in this edition. Changes to the april 2016 database data for macao special administrative region and the commonwealth of puerto rico are included in data aggregated for the advanced economies.
The world economic outlook weo database contains selected macroeconomic data series from the statistical appendix of the world economic outlook report, which presents the imf staffs analysis and projections of economic developments at the global level, in major country groups and in many individual countries. African economic outlook 2016 african development bank. Latvia lithuania spain sweden switzerland turkey united kingdom united states portugal. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership. Eikon from refinitiv, imf world economic outlook weo and bank calculations. Consumer optimism climbs with positive trends like steady job growth and recordhigh levels of net worth relative to. Industrial output shrinks at the fastest pace ever recorded in march.
For the year 2018 consumption is forecasted to grow by 3. Uk economic outlook july 2015 3 highlights and key messages for business and public policy key projections 2015 2016 real gdp growth 2. Even so, there are signs of recovery, and growth of 2. Jan 16, 2017 the world economic outlook weo database contains selected macroeconomic data series from the statistical appendix of the world economic outlook report, which presents the imf staffs analysis and projections of economic developments at the global level, in major country groups and in many individual countries. Botswana is located at the center of southern africa, positioned between south africa, namibia, zambia, and zimbabwe. This aedc 3year economic outlook examines economic trends based on historical data, interviews with representatives of businesses and organizations in various sectors and current events.
Classification by world economic outlook groups and their shares in aggregate gdp, exports of goods and services, and population, 2015 207 table b. The timorese authorities have revised the compilation. Us economic outlook november 2015 chinas economic growth will slow further in 2016 because of foreign trade will be a drag on us economic growth through 2018, due. If the regions economic outlook for 2016 could be described in four words, they are, slow but steady growth. The revenue outlook presents projections of all general fund revenue sources. This deceleration was accompanied by further declines in commodity prices, subdued global. Seasonally and workingdayadjusted industrial production fell 16. The report is a joint product of the united nations department of economic and. The global economic outlook is not worse than normal the imf forecast for world gdp in 2017 is 3. The economic outlook for 2016 through 2020 if current laws governing federal taxes and spending generally remained in place, by cbos projections, real gdp would grow by 2. Contributory factors included reduced concerns about us economic policies and the perception that the us federal reserves interest rate hikes will be gradual. Summary financial markets in latin america continued to show significant gains in the past few months.
Data in this report is subject to change without notice. Prospects reportcalled global economic prospects and the developing countrieswas launched as a formal publication for wide dissemination. The economic outlook 29 overview 29 fiscal and trade policies 32 the economic outlook for 2020 to 2024 34 the economic outlook for 2025 to 2030 43 box 21. After a prolonged recessionary period, headline economic and financial trends and indicators are now picking up. Growth has moderated as net exports and investment have weakened gdp growth slowed to 6. According to the october 2016 world economic outlook, global growth is projected to slow to 3. Advanced economies will again see mediocre growth this year.
The economic outlook presents the baseline economic forecast for pennsylvania. Strong growth in india, relatively strong growth in the united states, disappointing but improving growth in europe and japan, slowing growth in china and weakness in many other emerging markets. Revenue contributions to annual revenue growth, percentage points non oil and gas income tax. It discusses trends in terms of eight key indicators.
Arrows for 2018 and 2019 indicate the direction of revisions since september 2018. This moderation has been mainly due to somewhat weaker growth in exports and. Since the previous economic update of september 2017, a number of important events have improved south africas economic. Such is the message from two of the worlds leading. Weo has adopted the sixth edition of the balance of payments manual bpm6. On the more shortterm, the rising dollar is an issue, says fink. There is also the financial risk to emerging markets of the rising dollar, he says, echoing christine lagardes comments, and the fact that protectionism might further reinforce it. World economic situation and prospects 2016 the united nations. Outlays federal outlays are projected to rise by 6 percent. Trends indicate more consumer spending, a continued rise in the federal funds rate and a drop in unemployment. Weak global growth continues to linger, posing a challenge to the implemen. We begin with alexander boersch, who examines the eurozone economy.
Victorian economic outlook summary the victorian economy has performed well over the past couple of years. Paris, france, 28 november 2016 as prepared for delivery ladies and gentlemen, on the face of it, the numbers and stories from todays economic outlook may look all too familiar. Alex reports that, despite headwinds from emergingmarket weak. World gross product is expected to expand by just 2. Change from wesp 2016 annual percentage change 2014 2015 2016. The world economic outlook weo presents imf economists analyses of global economic developments, issues affecting advanced, emerging, and developing economies, and topics of current interest. The liquefied natural gas lng export profile has been revised lower, reflecting more conservative assumptions table 6. Trade competitiveness and global value chains in the philippines page 28. Jim diefenderfer, director, office of electricity, coal, nuclear, and.
Launch of the oecd economic outlook, november 2016 oecd. Subdued investment in emerging market and developing economies emdes is dampening potential growth prospects. Country forecast unrivalled medium and longterm forecasts for 82 countries country forecast focuses on how economic and political developments will shape the business environment in 82 of the world s largest economies over the next five years. Lower employment is expected to result in a decline in household income of 1. World banks economic outlook for myanmar in 6 points. Report presents information and data that were compiled andor collected by the world economic forum all information and data referred herein as data. The global economic outlook world economic forum annual. Projections for these indicators are provided only through 2021. The world bank partners with the government to promote private sectorled, jobsintensive growth, strengthen human and physical assets, and support effective resource management. Exploring the interconnected nature of macroeconomic policies on the one hand, and employment and social outcomes on the other, it analyses which policy combinations are most effective in delivering high employment and balanced incomes. Cbos estimates of potential output 46 projections of income 48 some uncertainties in the economic outlook 48 comparison with cbos august 2019 projections 51 box 22. Since its inception in 1991, the global economic prospects report has examined international economic developments and the outlook for growth, with a special focus on emerging market and developing.