The year 2017 will be the sixth year of global stagnation and the global economic outlook indicates a slow-growing global economy, ranging from 3.0% to 3.4% Gross Domestic Product (GDP) growth. Global economic growth and business confidence have had a mixed impact thus far. The world has entered a period of greater geopolitical uncertainty. Geopolitical events, restrained demand, and weak investments will take a toll on the global growth trajectory. Lack of business confidence due to global uncertainties will make investors wait and watch, which in turn could slow the progress further.
In 2017, the US economy is likely to pick up modestly from stronger business confidence. Internal economic activity in Europe and Japan is also stronger. However, uncertainties of different kinds are weighing down on emerging markets' growth prospects. The question of rising interest rates is a fundamental one in 2017. In the short term the interest rates have gone up because of the US election.
Oil and commodity prices are expected to recover somewhat. The outlook for advanced economies has improved for 2017-2018 due to stronger activity in the second half of 2016 as well as an expected fiscal stimulus in the US. Given this, businesses need to stay focused on strengthening growth factors, such as technology, innovation, skills, and possible disruptive forces. Down the road, new digital tools and technology could increase workers' productivity everywhere. Businesses can prepare for their own disruptions and invest in their own disruptive strategies. It will be fruitful to leverage digital technology to strengthen the capabilities of the workforce so that they can be used more productively. These measures can help shorten the long period of slow global growth.
Key Topics Covered:
1. Top Economic Trends 2017
2. Top Economic Predictions - 2017
3. Top Predictions in 2017 - Advanced Economies
4. Top Predictions in 2017 - BRICS Nations
5. World's 20 Largest Economies in 2016
6. World's 20 Fastest Growing Economies in 2016 and 2017
7. World Economic Snapshot - 2015 to 2017
8. Other Macro-Economic Highlights - 2017
9. Major Industry Highlights - 2017
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