Before handing over to our chief economist catherine mann, who will walk you. Economic outlook october 2017 conferederation of finnish construction industries rt 4th october 2017 sami pakarinen. Global economic outlook 2017 asian institute of finance. The global economy is flying, but politics could induce turbulence. Offici al interest rates are end ofyear figures 01 outlook 2017 reflation.
Cpi is an annual average for developed economies and endofyear figure for emerging economies. This reflects a moderate recovery in oil and metals exporters toward their long term average growth. Paris, 1 june 2016 as prepared for delivery ministers, ambassadors, ladies and gentlemen, lets now move to the next session of our joint oecd forum and ministerial council meeting. Economic outlook no 103 july 2018 longterm baseline projections. Economic outlook assessing the impact of global events. What is the outlook for global economies in 2017 and beyond. This forecast hinges on the strength of the world economy and a gradual recovery in commodity prices. Growth was weak but stabilising until the coronavirus covid19 hit. Launch of the oecd economic outlook, november 2016 oecd. Economic outlook no 91 june 2012 longterm baseline projections. Expect real gdp to climb at an annualized real rate of. The overall economic outlook for 2017 looks brighter than this years performance.
This analysis, developed by ingo winzer, reflects his view on the current outlook for the national economy. United nations department of economic and social affairs. As 2016 nears its end and we prepare for 2017, our economy continues to change. Economic outlook 2016 economic intelligence center 27th november 2015. Users and visitors email and calendar miscellaneous network access restricted access people. A shifting global economic landscape after a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing economies. Lower employment is expected to result in a decline in household income of 1. To help our customers better understand current market conditions and projections, local market monitor provides periodic analyses of national economic trends and their impact on real estate markets. The irish economy is performing strongly in 2016, with all indicators of economic activity expanding at a solid pace, according to jim powers economic outlook for friends first pdf. Subsequent projections appear in budget and economic outlook and updates. Global economic outlook world economic forum annual. Nov 24, 2015 the united states economic outlook was described in my recent economic forecast 2016 2017. Cbo estimates, so they would be roughly the same relative to the size of the economy in 2016 and 2017. The picture for emerging market and developing economies is diverse but in many cases challenging.
Economic outlook economic research unit economic and european affairs department october 2016 estimations for the third quarter point to strong growth for the spanish economy 0. Risks to the outlook remain firmly on the downside, including the possibility of escalating trade tensions. The oenbs economic outlook for austria is published twice a year june and. Cbo projects moderate economic growth during that period. Key risks to global and irish economy in 2017 are political. Our affordable housing topic will be moved to spring of 2017. This aedc 3year economic outlook examines economic trends based on historical data, interviews with representatives of businesses and organizations in various sectors. Launch of the oecd economic outlook, june 2016 oecd. Global economic prospects june 2017 global outlook. Gdp growth in lowincome countries is projected to recover to 5.
Sector net borrowing calendar years excluding public sector banks. However, there is a wide dispersion of possible outcomes around the projections, given uncertainty surrounding the policy. Summary financial markets in latin america continued to show significant gains in the past few months. Current slack in the labor market 43 the economic outlook for 2017 to 2020 44 the economic outlook for 2021 to 2027 55 projections of income for 2017 to 2027 60 some uncertainties in the economic outlook 61 comparison with cbos august 2016. The median forecasts that marketwatch publishes each week in the economic calendar come from the forecasts of the 15 economists who have scored the highest in our contest over the past 12 months. Investors ended 2016 on a gloomy note, expecting the world economy to expand at only 3. Jan 24, 2017 if current laws remained generally unchanged, deficits would follow an upward trajectory over the next decade, driving up federal debt. Economic growth in the nt is more closely tied to global economic growth than domestic economic growth. Outlook on the global economy although growth in the forecast area is likely to expand towards 2018, keep a close eye upon us policy and chinese economic trends. Imf world economic outlook weo update, january 2016. We invite you to join us for our 2017 economic outlook that will provide a forecast of the latest economic trends in our local fairfax county, the greater washington, d. Subdued investment in emerging market and developing economies emdes is dampening potential growth prospects. Despite a slow start to 2017, activity is expected to grow between 22. The united states economic outlook was described in my recent economic forecast 20162017.
September 2017 economic outlook a revolution is underway in retailing as online sales are taking about 50% of the incremental growth. Economic outlook 3 economic growth we are now seven years into the recovery and economic growth is increasing at a steady pace. The longterm budget outlook 36 2 the economic outlook 39 recent economic developments 41 box 21. Lacker, interest rate benchmarks, speech to the virginia association of economists and the richmond association for business economics, richmond, va. Economic outlook latin america 2nd quarter 2017 3 1. Ihs economic forecasts for the current and following year are published quarterly. Additionally, strong population growth in victoria will support economic growth. For example, the congressional budget office cbo calculates the path of potential real gross domestic product gdp. The fed hike in december the 10year treasury ends 2017 at 2.
The dispersion of gdp per capita is forecast to continue to decrease between 2017 and 2019. African economic outlook 2016 african development bank. This figure is better than initially forecasted and confirms the sustainable recovery of the spanish. Economic outlook economic research unit economic and european affairs department may 2016 according to ines data, preliminary gdp for the first quarter shows that the spanish economy grew 0. The impact of the covid19 outbreak on economic prospects is severe. Lead economic indicators in the eurozone point to an ongoing recovery, even in those economies that had to. Another concern is rising debt, which may make it difficult for emdes to. Broadbased upward revisions in the euro area, japan, emerging asia, emerging europe, and russia more than offset downward revisions for the united states and the united kingdom. Underlying this decision, fed officials pointed to a strengthening labour.
Miami metro unemployment rate metro economic outlook. The economic recovery, such as it was, has been over for a year or more. Housing is one of the key economic and social challenges facing ireland. The 2016 economic outlook, hosted by calgary economic development and atb financial provided information to help calgary business leaders understand the current economic trends that will help them. In fiscal year 2016, for the first time since 2009, the federal budget deficit. Paris, france, 28 november 2016 as prepared for delivery ladies and gentlemen, on the face of it, the numbers and stories from todays economic outlook may look all too familiar. Sep 25, 2015 the 2016 economic outlook, hosted by calgary economic development and atb financial provided information to help calgary business leaders understand the current economic trends that will help them.
Global economic outlook 2017 report, and a discussion with the conference boards chief economist, bart van ark, on the implications for asiapacific. Underlying this decision, fed officials pointed to a strengthening labour market and inflation approaching targeted levels. Initially, firstquarter growth was cause for optimism. The outlook for global economic growth looking the healthiest it has for several years. The global upswing in economic activity is strengthening, with global growth projected to rise to 3. Store closings will approach 9000 this year more than quadruple the 2000 reported as recently as 20 and remember the. With a few exceptions, data indicate an economy operating at or near its natu. Overview of the world economic outlook projections. The upturn is broadbased, with growth increasing in more than half of the worlds economies. Us growth has been downwardly revised in view of recent economic trends and the lag in the us policy impact. National economic outlook for real estate markets local. Oct2014 feb2015 jun2015 oct2015 feb2016 jun2016 oct2016 feb2017 dispersion source. Led by us treasuries, global bond yields spiked following mr. Based on frequency of articles in domestic newspapers mentioning economic polic y.
Economic outlook for austria oesterreichische nationalbank oenb. This slight slowdown falls under the scenario foreseen for 2016, where the econo. Weo october 2016 bloomberg consensus forecasts gdp is an annual average. Link global economic outlook 20152016 united nations. Growth takes a hit, but the risk of a downturn will be contained. Store closings will approach 9000 this year more than quadruple the 2000 reported as recently as 20 and remember the economic environment has been benign. Oecd economic outlook, interim report march 2020 coronavirus. December 2016 economic outlook ucla anderson school of. Economic outlook october 2017 rakennusteollisuus rt ry. Confederation of finnish construction industries rt 4. Economic outlook assessing the impact of global events on. Federal reserve raised the federal funds rate from 0.
Known as save and invest, the campaign commenced in january with a monthly column in sunday times featuring simulated savings. Economic research unit economic and european affairs department may 2016 international scene the spanish economy demand and activity the labour market in. About the asian institute of finance asian institute of finance aif is a think tank jointly established by bank negara malaysia and the securities. April 2017 world economic outlook, chapter 1 international. Debt held by the public is projected to rise slightly relative to gdp. Expect real gdp to climb at an annualized real rate of 2% to 3%, below estimates of overly. Global economic outlook 2017 trends, shocks, and change. Economic growth in the nt is more closely tied to global economic growth. Trend td asset management l new orleans 2017 canadas economic expansion has broadened recently. Given the unanticipated outcome of the presidential election, the forecast is changing the special topic of the december 6 forecast conference to focus instead on the new ucla economic outlook to include what the trump presidency will look like.
In particular, the rebound in global investment growthwhich accounted for three quarters of the acceleration in global gdp growth from 2016 to 2017 was supported. The global economy took a bigger hit in 2019 than anticipated, slowing to 2. The weo is prepared by the imf staff and has benefited from comments and suggestions by executive directors following their discussion of the report on september. Eic analysis based on data from bank of thailand, fiscal policy office, office of industrial economics unit. Contributory factors included reduced concerns about us economic policies and the perception that the us federal reserves interest rate hikes will be gradual.
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