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World Economic Outlook, April 2018 (French Edition) - Cyclical Upswing, Structural Change (French, Paperback)
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World Economic Outlook, April 2018 (French Edition) - Cyclical Upswing, Structural Change (French, Paperback)
Series: World Economic Outlook
Expected to ship within 12 - 17 working days
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The upswing in global investment and trade continued in the second
half of 2017. At 3.8 percent, global growth in 2017 was the fastest
since 2011. With financial conditions still supportive, global
growth is expected to tick up to a 3.9 percent rate in both 2018
and 2019. Advanced economies will grow faster than potential this
year and next; euro area economies are set to narrow excess
capacity with support from accommodative monetary policy, and
expansionary fiscal policy will drive the US economy above full
employment. Aggregate growth in emerging market and developing
economies is projected to firm further, with continued strong
growth in emerging Asia and Europe and a modest upswing in
commodity exporters after three years of weak performance. Global
growth, however, is projected to soften beyond the next couple of
years, with most advanced economies likely returning to potential
growth rates well below precrisis averages. Growth is projected to
remain subpar in several emerging market and developing economies,
including in some commodity exporters that continue to face
substantial fiscal consolidation needs. Beyond the next few
quarters risks clearly lean to the downside. The current recovery
offers a window of opportunity to advance policies and reforms that
secure the current upswing and raise medium-term growth to the
benefit of all.
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