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The World Economy In 2017 And The Prospects For 2018

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  • Andrei Rădulescu

Abstract

The dynamics of the global economy improved in 2017 under the influence of the expansionary policy mix in the US and Euroland, as well as the wave of optimism across the international financial markets. An acceleration of fixed investments in the United States may be noticed, given the expected effects of the fiscal reform implemented by the Trump administration. At the same time, GDP in the Euroland roseat its highest pace since 2007, due to the expansionary monetary policy promoted by the European Central Bank and the accelerating global economy. This paper gives a brief review of the recent developments in the global economy, the United Statesand Euroland, as well as the prospects for 2018.

Suggested Citation

  • Andrei Rădulescu, 2017. "The World Economy In 2017 And The Prospects For 2018," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 9(4), pages 3-11.
    • Handle: RePEc:iem:journl:v:9:y:2017:i:4:p:3-11
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    File URL: http://iem.ro/rem/index.php/REM/article/view/611/683
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    More about this item

    Keywords

    world economy; USA; Euroland; potential output; economic policy;
    All these keywords.

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • F01 - International Economics - - General - - - Global Outlook

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