IDEAS home Printed from https://ideas.repec.org/a/diw/diwdeb/2017-50-2.html
   My bibliography  Save this article

The World Economy and the Euro Area: Global Upswing Remains Intact for the Time Being: DIW Economic Outlook

Author

Listed:
  • Ferdinand Fichtner
  • Guido Baldi
  • Martin Bruns
  • Christian Dreger
  • Hella Engerer
  • Stefan Gebauer
  • Malte Rieth

Abstract

The global economy is expected to grow by four percent annually over the next two years. This is a slight increase in the German Institute for Economic Research forecast in comparison to that of the fall. The upswing will gain momentum in both developed and emerging economies. Private consumption will play a pivotal supporting role as investment continues to grow rapidly around the globe. Despite the high level of unemployment in some countries, the euro area is experiencing stable growth, though its investment could be more dynamic. In China, cutting back overcapacity in manufacturing should suitably curb expansion. And a somewhat less expansive monetary policy emanating from the USA and euro area could curb worldwide demand to the extent that global economic growth does not continue to accelerate. Political uncertainty in Europe and the USA, as well as potential trade restrictions, pose the primary risks to the world economy.

Suggested Citation

  • Ferdinand Fichtner & Guido Baldi & Martin Bruns & Christian Dreger & Hella Engerer & Stefan Gebauer & Malte Rieth, 2017. "The World Economy and the Euro Area: Global Upswing Remains Intact for the Time Being: DIW Economic Outlook," DIW Economic Bulletin, DIW Berlin, German Institute for Economic Research, vol. 7(50), pages 546-548.
    • Handle: RePEc:diw:diwdeb:2017-50-2
    as

    Download full text from publisher

    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.573747.de/diw_econ_bull_2017-50-2.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:2017-50-2. 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.