Global economic growth will gain momentum in the forecast period
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201507011320
Global economic growth will gain momentum in the forecast period. The sliding oil price will benefit oil-importing countries. In the euro area, the Extended Asset Purchase Programme (EAPP) has reduced funding costs, improved lending and strengthened the confidence of economic agents. The exchange rate developments to date support the growth and inflation outlooks of the euro area and Japan, while the recovery of the US economy is consistent with the strong US dollar. The Russian economy will contract over the next two years, following the collapse of the oil price. Economic growth in China will remain relatively robust.