Economic Outlook

World economy in full swing


  • Gern
  • K.-J.
  • Hauber
  • P.
  • Kooths
  • S.
  • Potjagailo
  • G.
  • Stolzenburg
  • U.
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.


Key Words

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