IDEAS home Printed from https://ideas.repec.org/a/diw/diwdeb/2017-11-2.html
   My bibliography  Save this article

World Economy Gaining Momentum, Risks Remain High: DIW Economic Outlook

Author

Listed:
  • Ferdinand Fichtner
  • Guido Baldi
  • Christian Dreger
  • Hella Engerer
  • Stefan Gebauer
  • Michael Hachula
  • Robert Lange
  • Malte Rieth

Abstract

The world economy continues on its upward growth path, with global production expected to grow by 3.7 percent this year and slightly more than that in 2018. The economies in both the developed and the emerging countries are gaining momentum. Solid output growth is expected for the U.S. and euro area over the forecast period; China’s growth rates remain high, though they are declining somewhat; and Russia is coming out of its recession. Private consumption is driving growth in the developed countries, but the rise in inflation – which is due to higher energy prices – is expected to slow down consumption growth a bit. The global increase in prices is likely to also lead to a slightly more restrictive monetary policy overall. A number of economic policy-related risks – not least among them, the protectionism – could have a negative impact on the world economy, in particular on investment activity.

Suggested Citation

  • Ferdinand Fichtner & Guido Baldi & Christian Dreger & Hella Engerer & Stefan Gebauer & Michael Hachula & Robert Lange & Malte Rieth, 2017. "World Economy Gaining Momentum, Risks Remain High: DIW Economic Outlook," DIW Economic Bulletin, DIW Berlin, German Institute for Economic Research, vol. 7(11), pages 127-128.
    • Handle: RePEc:diw:diwdeb:2017-11-2
    as

    Download full text from publisher

    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.554710.de/diw_econ_bull_2017-11-2.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Business cycle forecast; economic outlook;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • F01 - International Economics - - General - - - Global Outlook

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:diw:diwdeb:2017-11-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bibliothek (email available below). General contact details of provider: https://edirc.repec.org/data/diwbede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.