Economic Outlook

World economy in full swing

Authors

  • Klaus-Jürgen Gern
  • Philipp Hauber
  • Stefan Kooths
  • Galina Potjagailo
  • Ulrich Stolzenburg
Publication Date

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.

Info

Key Words

  • advanced economies
  • ASEAN
  • emerging economies
  • Japan
  • monetary policy
  • Russia