Forecast for the global economy : Upswing in the global economy

Global economic growth is broadly based and brisk in 2017. The Bank of Finland foresees global growth strengthening to 3.5% in 2017 and continuing at well over 3% throughout 2018–2019. World trade is experiencing a surge. Global inflation is, however, still subdued. Economic growth in the United States and the EU22 will continue, and Chinese growth will decelerate later than previously expected. Towards the end of the forecast horizon 2017–2019, the growth pattern of the global economy will dampen slightly. Despite the decrease in risks to growth, growth may be slower than forecast.