The World’s GDP Forecast
What are the takeaways for 2017 and 2018 by region?
How will the world perform? How about the UK and the Eurozone?
- The world’s economy will be slowing down both in 2017 and 2018,
- The global GDP for 2017 is expected to be 3.5% and 3.6% in 2018,
- Japan and the EU economies are on the rise,
- The US will have a slower growth than anticipated,
- India is the fastest-growing economy followed by China,
- The Eurozone will have a GDP 1.9% this year and 1.8% in 2018,
- Germany’s growth will be around 1.8% (2017) and 1.6% (2018),
- France’s GDP will be 1.5% (2017) and 1.7% (2018)
The Eurozone and Japan GDPs are on the 'rise', according to World Economic Outlook.Click To Tweet
How about the United Kingdom’s GDP?
Bearing in mind that the UK took a historic decision with Brexit, the British economy will be doing fine.
Based upon UK & US standards, the “economy will go into recession”. However, it will do as well as the “recovering EU”. Let’s put this in perspective:
- Britain’s growth forecast for 2017 is expected to be 1.7%,
- 2018 will be a bit slower with an expected GDP of 1.5%,
Brexit is a lifetime decision that will reshape the future of the economy and businesses for decades to come. While the negotiations are under way, uncertainty will prevail. Financial markets, business owners and consumers simply hate it. Until the final deal is made public and voted, the British economy will be unpredictable.
What are the risk factors?
The IFM came out with a full set of risks, that could derail the world’s economy. You may download the full infographic in PDF and view it.