Outlook for monetary policy in south africa address by mr. As in our april forecast, the world economic outlook update projects 3. Related documents world economic outlook, april 2016, imf. While growth could be stronger if reduced trade tensions mitigate uncertainty, the. The session begins on a positive note the global economy is on the up.
The united nations world tourism organization unwto also contributed to the report. Imf lowers global economic outlook after brexit vote. Imf cuts 2016 global economic growth outlook after brexit vote uncertainty caused by u. Global economic activity is picking up with a longawaited cyclical recovery in investment, manufacturing, and trade, according to chapter 1 of this world economic outlook. Imf executive board discussion of the outlook, august 2011 161 statistical appendix 163 assumptions 163 whats new 164 data and conventions 164 classification of countries 165 general features and composition of groups in the world economic outlook classification 165 table a. Link global economic outlook 20152016 united nations.
World bank slashes south africas economic growth outlook. All queries on rights and licenses should be addressed to world bank publications, the world bank group, 1818 h street nw, washington, dc 20433, usa. Sao pauloeconomists again lowered their outlook for brazils economic performance both in 2016 and 2017, as the effects of a profound recession in latin americas largest economy persist. The pickup in global activity is projected to be more gradual than in the october 2015 world economic outlook weo, especially in emerging market and developing economies. Jan 16, 2017 maurice obstfeld, chief economist at international monetary fund, discusses the imf s world economic outlook, with a focus on china, the postbrexit u. The latest world economic outlook has therefore upgraded its global growth projections to 3. Our baseline view here is that uk authorities, belatedly understanding the economic realities. The historical data and projections are based on the information gathered by the imf country desk officers. Cbi international economic outlook quarterly march 2016 concerns rise over vulnerability of eurozone economy in 2015, the eurozone expanded by 1. The weo is released in april and septemberoctober each year.
Imf executive board discussion of the outlook, march 2016. 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. Global growth is projected to slow to 3 percent in 2016, a slightly weaker projection than in the april 2016 world economic outlook. World tourism organization unwto also contributed to the report. A world bank group flagship report january 2017 global. Nesdb, and kresearch forecast 2016 outlook to improve in 2h % yoy possible projects kickoff. While growth could be stronger if reduced trade tensions mitigate uncertainty, the balance of risks is to the downside. 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. Multiple digital editions of the weo, including epub, enhanced pdf, and. The international monetary fund on tuesday lowered its forecast of global. Minor discrepancies between sums of constituent figures and totals shown reflect. Maurice obstfeld, the imf economic counsellor, said the agency had prepared to upgrade its global growth assessment before the socalled brexit vote, because of.
According to the october 2016 world economic outlook, global growth is projected to slow to 3. The report is a joint product of the united nations department of economic and social af. Oct 10, 2017 the latest world economic outlook has therefore upgraded its global growth projections to 3. African economic outlook 2016 african development bank.
Imf world economic outlook october 2017 bespacific. Classification by world economic outlook groups and their shares. World economic outlook subdued demand symptoms and remedies. For further information see box a2 in the april 2004 world economic outlook, box 1. Imf executive board discussion of the outlook, september 2016. Imf cuts world economic outlook for 2015 usa today. Economists lower brazils outlook for 2016, 2017 marketwatch. The imfs stated goal was to assist in the reconstruction of the worlds international payment system postworld war ii. The data appearing in the world economic outlook are compiled by the imf staff at the time of the weo exer cises. According to the october 2016 world economic outlook, global growth is. Cia world fact book all values, unless otherwise stated, are in us dollars. Imf cuts 2016 global economic growth outlook after brexit. The global upswing in economic activity is strengthening.
The international monetary fund imf is an international organization that was initiated in 1944 at the bretton woods conference and formally created in 1945 by 29 member countries. 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 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. Longterm resource price slump contributes to steady economic growth in developed countries but causes growth gap in emerging nations in the world economy up to 2018, developed nations including japan, the u. The international monetary fund on tuesday lowered its forecast of global economic growth over the next two years amid the. Weicheng lian of the imf research department visited the jvi to present the analytical chapters of the latest world economic outlook weo which explore both these questions, and to summarize the weos global outlook. Jul 19, 2016 in its latest world economic outlook, the imf said that it is revising its baseline outlook for 2016 global growth down by 0. Imf lowers indias growth forecast over demonetisation, gst. Dec 17, 2015 the us economic outlook 17 december 2015 patrick newport, director of long term forecasting. Summary the canadian economy advanced at a robust pace in the first half of 2017. Maurice obstfeld, chief economist at international monetary fund, discusses the imfs world economic outlook, with a focus on china, the postbrexit u. Imf world economic outlook update sunday july 23, 11. Global growth, which in 2016 was the weakest since the global financial crisis at 3. World economic outlook october 2016 economic policy.
Brexit will, of course, continue to play a role in the broader uncertainty index. Its appropriate that we are holding this panel on the day of the us presidents inauguration, he states. Imf lowers indias growth forecast over demonetisation. Brexit has worsened the outlook for global economic growth. Economic commission for europe ece, economic commission for latin america and the caribbean eclac, economic and social commission for asia and the pacific escap and economic and social commission for western asia escwa. World economic outlook international monetary fund. The distribution of this growth around the world has changed, however. Calculated from the imfs world economic outlook database, in the period. However, beginning in the second half, we project that growth in consumer spending will moderate and residential investment will continue to decline as borrowing rates rise and disposable income gains diminish. Oct 10, 2017 imf lowers indias growth forecast over demonetisation, gst. Major uncertainties and risks threatening the world economic outlook include the risks. The weo is prepared by the imf staff and has benefited.
Economic outlook february 2016 ministry of finance. Figures are calculated based on data in national currencies using exchange rates as of 1st december 2009. In the july update of its world economic outlook, the imf forecast global economic growth of 3. Thirdparty content the world bank does not necessarily own each. International monetary fund imf data and statistics gdp.
Global growth forecast to pick up in 2017 and 2018 global growth for 2016 is now estimated at 3. Jul 19, 2016 maurice obstfeld, the imf economic counsellor, said the agency had prepared to upgrade its global growth assessment before the socalled brexit vote, because of betterthanforecast eurozone and. Despite its downward revision for the year, the imf expects global growth to accelerate to 3. Jul 23, 2017 for those of us interested in this kind of information, the imf will be publishing their update on global economy outlook. While growth could be stronger if reduced trade tensions. 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. The african economic outlook aeo celebrates its 15th edition this year. Confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more. The baseline projection for global growth in 2016 is a modest 3. Imf world economic outlook weo update, january 2016. International monetary fund imf data and statistics. Accelerating since 2016, but facing an uncertain global environment with almost onequarter of their debt due this year, will global growth markets remain attractive for business in 2017. Sources and links data on gdp and economic information central bank bank for international settlements international reserves imf world bank gross domestic product gdp international monetary fund imf world economic outlook april 2012 gdp purchasing power parity international. Economy world and regional statistics, national data.
World economic situation and prospects 2018 the united nations. This deceleration was accompanied by further declines in commodity prices, subdued global. Imf chief economist maury obstfeld introduces the world economic outlook 2016 and highlights the funds findings and recommendations for. January 23, 2018 i economics imf world economic outlook. Related documents world economic outlook, october 2015, imf. Brexit has worsened the outlook for global economic. World economic outlook october 2017 research department, international monetary fund.
The upward revision is due to notable uptick in the economic performances of europe and asia. Imf downgrades outlook for world economy washington post. World economic outlook, october 2016, imf page created. Imf world gdp estimate percent change less than 22.
World economic outlook a survey by the imf staff usually published twice a year. Live data and insights on coronavirus outbreak around the world, including detailed statistics for the us, italy, eu, and china. On june 18, 2019 in the pdf version of this report, the data for myanmar was. Stronger activity, expectations of more robust global demand, reduced deflationary pressures, and optimistic. World economic outlook october 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. Jul 09, 2015 imf cuts world economic outlook for 2015. Global growth markets outlook world economic forum.
International monetary funds world economic outlook update for january 2018 has forecasted a pickup in the global growth in 2017. International economic outlook quarterly march 2016 risks continue to cloud global outlook global growth prospects have diminished over the start of 2016, following turmoil in financial markets as the year opened. Jan 19, 2016 imf downgrades outlook for world economy. Mar, 2020 dec 2015 economic outlook for 2016 2018 1. Apr 12, 2016 imf chief economist maury obstfeld introduces the world economic outlook 2016 and highlights the funds findings and recommendations for policymakers going forward. Minor discrepancies between sums of constituent figures and totals shown reflect rounding. The economy of thailand is dependent on exports, which accounts for more than twothirds of. World economic situation and prospects 2016 unctad. Global growth markets outlook world economic forum annual. Thirdparty content the world bank does not necessarily own each component of the content contained within the work. Global economic prospects january 2016 chapter 1 world bank.
However, these numbers mask ongoing divergences between commodity. Use the free adobe acrobat reader to view this pdf file. In its latest world economic outlook, the imf said that it is revising its baseline outlook for 2016 global growth down by 0. Weo has adopted the sixth edition of the balance of payments manual bpm6. Johannesburg the world bank on tuesday slashed the countrys economic growth outlook for this year to 0. World economic outlook, april 2016, imf page created. I have been requested to give you an update on the monetary policy outlook for south africa. After years of persistent downgrades, the imf now see. The revised forecast reflects weakerthanexpected activity in the united states in the first half of 2016, as well as the fallout from the brexit vote. The world economic outlook weo is a survey by the imf staff published twice a year, in the spring and fall.
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