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World Economy Autumn 2017 - World economy in full swing

Author

Listed:
  • Gern, Klaus-Jürgen
  • Hauber, Philipp
  • Kooths, Stefan
  • Potjagailo, Galina
  • Stolzenburg, Ulrich

Abstract

In the second quarter of 2017, global output has reaccelerated after a somewhat muted start into the year. For the first time in a number of years, there is substantial economic momentum in almost all major economies at the same time. We expect world GDP growth on a PPP basis to rise to 3.7 percent and 3.8 percent in 2017 and 2018, respectively, up from a meagre 3.2 percent last year, representing an upward revision from our June forecast by 0.1 percentage points for both years. For 2019 we expect a deceleration of global growth to 3.6 percent.

Suggested Citation

  • Gern, Klaus-Jürgen & Hauber, Philipp & Kooths, Stefan & Potjagailo, Galina & Stolzenburg, Ulrich, 2017. "World Economy Autumn 2017 - World economy in full swing," Kiel Institute Economic Outlook 33, Kiel Institute for the World Economy (IfW Kiel).
  • Handle: RePEc:zbw:ifwkeo:33
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