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Brief Comments On Recent Global Growth Forecasts For 2016-2017

Author

Listed:
  • Albu Cornel
  • Tanase Alexandru

Abstract

The first two months of this year have been generous with forecasts for global economic growth in 2016 and 2017 provided by major international organizations and bodies. Compared to the forecasts published by the same institutions at the end of the last year, the current ones are more pessimistic, especially regarding the evolution of the global economy in 2016. In addition to a brief review of the content of these forecasts, our article aims to point out the main causes and risks that might negatively affect global growth. While these economic reports do not foresee a slowdown in world GDP growth, yet some prominent analysts do not exclude, at least for this year, a possible sliding of the world economy into a new phase of recession. The starting point of this recession appears to be also a financial crisis, whose onset is becoming clearer.

Suggested Citation

  • Albu Cornel & Tanase Alexandru, 2016. "Brief Comments On Recent Global Growth Forecasts For 2016-2017," Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), Institute for World Economy, Romanian Academy, vol. 11.
    • Handle: RePEc:iem:imptrs:v:11:y:2016:id:2822000009607003
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