World Bank Sees Continued Global Growth

by Marilou Moursund on June 6, 2017

in Economic Indicators,Foreign Markets,Geopolitical

The World Bank is projecting global growth of 2.7% for 2017 and 2.9% for the following two years.  From the linked article:

Growing confidence and “a recovery in industrial activity has coincided with a pick-up in global trade, after two years of marked weakness,” noted the report.

The seven largest emerging market economies – China, Brazil, Mexico, India, Indonesia, Turkey and Russia – remain the key engine for the world economy.

As a group, emerging market and developing economies are expected to grow 4.1 percent this year, led by India, which is expected to expand by 7.1 percent, and China at 6.5 percent. Meanwhile, Russia and Brazil are expected to again return to growth after contracting for the past two years.

Advanced economies are continuing to grow but at a more modest pace, with the United States expected to expand by 2.1 percent this year and the euro area by 1.7 percent.

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