Difficulties in emerging economies weigh on global growth
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201604151091
The Bank of Finland forecasts a global growth rate of 2.8% in 2016, rising only slightly to 3.2% in 2017–2018. The growth pick-up reflects a recovery of the emerging economies suffering from the recession. World trade growth in the forecast period will be close to world GDP growth. The forecasts for the United States and the EU22 are more moderate than previously, but growth should still exceed the estimated potential growth rate. The growth forecast for China in 2016–2017 remains at 6%, from which it is expected to slow to 5% in 2018.
Forecast for the global economy