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World Economic Outlook, October 2017 (Spanish Edition) - Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges (Spanish, Paperback)
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World Economic Outlook, October 2017 (Spanish Edition) - Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges (Spanish, Paperback)
Series: World Economic Outlook
Expected to ship within 12 - 17 working days
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The global upswing in economic activity is strengthening. Global
growth, which in 2016 was the weakest since the global financial
crisis at 3.2 percent, is projected to rise to 3.6 percent in 2017
and to 3.7 percent in 2018. The growth forecasts for both 2017 and
2018 are 0.1 percentage point stronger compared with projections
earlier this year. Broad-based upward revisions in the euro area,
Japan, emerging Asia, emerging Europe, and Russia-where growth
outcomes in the first half of 2017 were better than expected-more
than offset downward revisions for the United States and the United
Kingdom. But the recovery is not complete: while the baseline
outlook is strengthening, growth remains weak in many countries,
and inflation is below target in most advanced economies. Commodity
exporters, especially of fuel, are particularly hard hit as their
adjustment to a sharp step down in foreign earnings continues. And
while short-term risks are broadly balanced, medium-term risks are
still tilted to the downside. The welcome cyclical pickup in global
activity thus provides an ideal window of opportunity to tackle the
key policy challenges-namely to boost potential output while
ensuring its benefits are broadly shared, and to build resilience
against downside risks. A renewed multilateral effort is also
needed to tackle the common challenges of an integrated global
economy.
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