The world bank partners with the government to promote private sectorled, jobsintensive growth, strengthen human and physical assets, and support effective resource management. Summary financial markets in latin america continued to show significant gains in the past few months. Continuing the cycle of forecast optimism followed by disappointment, global growth has been marked down, by some 0. The world economic outlook weo is a survey by the imf staff published. Confirming the world s positive outlook on the continent, african governments have been able to tap into international capital markets through sovereign bond issuances. African economic outlook 2016 african development bank. The outlook for the level of resource exports is lower than previously expected. World banks economic outlook for myanmar in 6 points. Arrows for 2018 and 2019 indicate the direction of revisions since september 2018. Download the reports by clicking the download button on the right. However, the world bank expects myanmars economic growth will have a slight pickup in the 201819 fiscal year, rising to 6. The numbers in brackets indicate the starting year for the time series and the latest available historical data included in this outlook database. The baseline global growth forecast has been revised down.
Weak global growth continues to linger, posing a challenge to the implemen. According to the october 2016 world economic outlook, global growth is projected to slow to 3. The global competitiveness report 2015 2016 herein. 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. 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. Angola continues to face a challenging macroeconomic environment since the sharp drop in oil prices in 2014. The liquefied natural gas lng export profile has been revised lower, reflecting more conservative assumptions table 6. World input prices oecdfao agricultural outlook 20162025.
Projections for these indicators are provided only through 2021. Alex reports that, despite headwinds from emergingmarket weak. The banking sector has also now largely stabilized. 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. 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.
Jim diefenderfer, director, office of electricity, coal, nuclear, and. Advanced economies will again see mediocre growth this year. The economic impact of this will be far reaching he says. After a prolonged recessionary period, headline economic and financial trends and indicators are now picking up. Dec 17, 2015 the us economic outlook 17 december 2015 patrick newport, director of long term forecasting. Uk economic outlook july 2015 3 highlights and key messages for business and public policy key projections 2015 2016 real gdp growth 2. The world employment and social outlook is the ilos flagship report on world of work issues. Consumer spending in victoria grew at a solid pace of 3. The global economic outlook is not worse than normal the imf forecast for world gdp in 2017 is 3. The reduction in expected growth primarily results from downgrades to the forecast for the change in u. The core team consisted of catherine ngumbau, mahjabeen haji, ephraim kebede, tim kelly, fuad mohamed sharif, isabella hayward and margaret odhiambo.
Outlays federal outlays are projected to rise by 6 percent. Seasonally and workingdayadjusted industrial production fell 16. The demographic outlook presents population projections from the pennsylvania state data center. African economic outlook 2016 algeria angola benin botswana burkina faso burundi cabo verde cameroon central african republic chad comoros congo congo, dem. Classification by world economic outlook groups and their shares in aggregate gdp, exports of goods and services, and population, 2015 table b. The timorese authorities have revised the compilation. Global growth, which in 2016 was the weakest since the global financial crisis at 3. World economic situation and prospects 2016, which are unlikely to ease in the near term. Data in this report is subject to change without notice. Oecd ilibrary oecd economic outlook, volume 2016 issue 1. Trends indicate more consumer spending, a continued rise in the federal funds rate and a drop in unemployment. It discusses trends in terms of eight key indicators. 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. Inflation subsided owing to a stable exchange rate, which depreciated by only 3.
The cpa outlook index cpaoi is a broadbased indicator of the strength of u. This deceleration was accompanied by further declines in commodity prices, subdued global. Indonesia economic developments and outlook world bank. World economic situation and prospects 2016 unctad.
Contributory factors included reduced concerns about us economic policies and the perception that the us federal reserves interest rate hikes will be gradual. 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. June 2018 learning more, growing faster world bank. Growth remains resilient as macroeconomic policy is tightened exceeding market expectations, gdp increased by 6. The publication also provides readers with the most uptodate. Report presents information and data that were compiled andor collected by the world economic forum all information and data referred herein as data. Insight report the global competitiveness report 20152016. Compared to the projection in the winter issue of mississippi economic outlook, this forecast is lower by 0. Trade competitiveness and global value chains in the philippines page 28. The downside risks to this outlook arise from subdued private sector credit growth that could curtail private investment. Change from wesp 2016 annual percentage change 2014 2015 2016. The revenue outlook presents projections of all general fund revenue sources. This moderation has been mainly due to somewhat weaker growth in exports and.
Launch of the oecd economic outlook, november 2016 oecd. Industrial output shrinks at the fastest pace ever recorded in march. In keeping with national practice, data for bangladesh, arab republic of egypt, india, and pakistan are reported on a. International monetary fund imf world economic outlook weo database, cited in pwc s the future of asean time to act, 2018 1,163 23. World growth is still stumbling along at around 3%, trade growth is slower still, and inflation remains below target in most oecd economies, despite. 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. We begin with alexander boersch, who examines the eurozone economy. Output growth and inflation forecastsa per cent yearended jun 2016 dec 2016 jun 2017 dec 2017 jun 2018 dec 2018. For the year 2018 consumption is forecasted to grow by 3. We saw unrest in the middle east, tensions in europe, a slowing chinese economy, and a guessing game over what the u. Risks to the outlook remain firmly on the downside, including the possibility of escalating trade tensions. Revenue contributions to annual revenue growth, percentage points non oil and gas income tax. 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. Jan, 2017 slow growth, low economic participation, and a high cost of living are the foremost economic trends as the calendar changes to 2017.
Victorian economic outlook summary the victorian economy has performed well over the past couple of years. 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. October 2016 outperforming the region and managing the transition. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership.
The economic outlook presents the baseline economic forecast for pennsylvania. 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. While the digital economy now only accounts for 7% of asean gdp. The terms country and nation as used in this report do not in. 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. Prospects reportcalled global economic prospects and the developing countrieswas launched as a formal publication for wide dissemination. The global economic outlook world economic forum annual. 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. Economic activity was sustained by domestic consumption and. Latvia lithuania spain sweden switzerland turkey united kingdom united states portugal. The report is a joint product of the united nations department of economic and. Botswana is located at the center of southern africa, positioned between south africa, namibia, zambia, and zimbabwe. 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. Thailand economic outlook deloitte thailand insights.
The fastest growing region continues to be asia and pacific, with all other regions growing between 1% and 3% in real terms. Download report eng download report lao sections in this edition. World bank, ha nguyen economist, decmg, world bank, andy d. Data and research on economic outlooks, analysis and forecasts, including economic projections, economic outlooks, economic surveys, oecd forecasts during and after the financial crisis.
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. On the more shortterm, the rising dollar is an issue, says fink. Another concern is rising debt, which may make it difficult for emdes to. The baseline projection for global growth in 2016 is a modest 3. 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. The combination of low interest rates and a stilllow australian dollar has provided support to some of victorias key industries. The expenditure outlook presents expenditure projections funded by general fund revenues. 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. 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. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators. Weo has adopted the sixth edition of the balance of payments manual bpm6. Link global economic outlook 20152016 united nations. Subdued investment in emerging market and developing economies emdes is dampening potential growth prospects. Economic outlook 2016 will be a year of world growth without changes in our main scenario of global acceleration.
Classification by world economic outlook groups and their shares in aggregate gdp, exports of goods and services, and population, 2015 207 table b. African economic outlook 2014 algeria angola benin botswana burkina faso burundi cabo verde cameroon central african rep. Paul holtberg, team leader, analysis integration team paul. Even so, there are signs of recovery, and growth of 2. Since the previous economic update of september 2017, a number of important events have improved south africas economic. World economic outlook international monetary fund. 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. 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. World economic situation and prospects 2016 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. Lower employment is expected to result in a decline in household income of 1.
The congressional budget office projects that over the next decade, if current laws remained generally unchanged, budget. 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. Macroeconomic performance and outlook following the 2016 political transition, gdp growth accelerated to 6. The world economic outlook weo is a survey by the imf staff published twice a. These favourable forecasts are based on smaller macroeconomic imbalances than in previous years, a still. The reports provide access to a comprehensive set of political, economic, and.
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. Consumer optimism climbs with positive trends like steady job growth and recordhigh levels of net worth relative to. 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. Eikon from refinitiv, imf world economic outlook weo and bank calculations.
In addition, uncertainty created by low oil prices and the provinces fiscal deficit is. General features and composition of groups in the world economic outlook classification table a. Contacts the international energy outlook 2016 was prepared by the u. If the regions economic outlook for 2016 could be described in four words, they are, slow but steady growth. The weo is released in april and septemberoctober each year.
These factors, among others, put investors on edge. World economic situation prospects the united nations. General features and composition of groups in the world economic outlook classification 206 table a. Sep 21, 2016 the guardian view on the global economic outlook. World gross product is expected to expand by just 2. Those at the top consume a smaller fraction of their income than those at the bottom some latin american countries represent important exception part of new view. The oecd economic outlook includes for the first time projections up to 2020. 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.