world bank sees higher 2017 global growth uncertainty over us policy
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

World Bank sees higher 2017 global growth, uncertainty over US policy

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice World Bank sees higher 2017 global growth, uncertainty over US policy

Washington - Arab Today

The World Bank said global growth would accelerate slightly as recovering oil and commodity prices ease pressures on emerging-market commodity exporters and painful recessions in Brazil and Russia come to an end.
In its latest Global Economic Prospects report, the multilateral lender said it expected 2017 real gross domestic product growth to rebound to 2.7 percent from a post-financial crisis low of 2.3 percent last year.
Growth in advanced economies is expected to edge up to 1.8 percent in 2017 from 1.6 percent in 2016, the World Bank said, while emerging and developing economies will see growth accelerate to 4.2 percent this year from 3.4 percent last year.
“After years of disappointing global growth, we are encouraged to see stronger economic prospects on the horizon,” World Bank Group President Jim Yong Kim said in a statement. “Now is the time to take advantage of this momentum and increase investments in infrastructure and people.”
However, there was considerable uncertainty surrounding the forecasts, which did not incorporate the effects of various policy proposals from US President-elect Donald Trump, which are expected to include increased fiscal stimulus from tax cuts and infrastructure spending, and a more protectionist trade stance.
The World Bank forecasts 2017 US growth at 2.2 percent versus 1.6 percent in 2016, but the increase could be considerably larger — and have effects far beyond US shores.
“A surge in US growth — whether due to expansionary fiscal policies or other reasons — could provide a significant boost to the global economy,” the bank said.
However, this could lead to higher interest rates and tighter financial conditions that would have adverse effects on some emerging market countries that depend heavily on external financing.
It added that lingering uncertainty over the course of US economic policy could weigh on global growth by keeping investment money on the sidelines until there is more policy clarity.
The World Bank said China’s growth would continue to slow, easing to 6.5 percent in 2017 from 6.7 percent in 2016, but growth would edge higher in some Southeast Asian economies, including Indonesia and Thailand.
India’s strong growth is expected to accelerate, rising to 7.6 percent in 2017 from 7.0 percent in 2016 as reforms ease domestic supply bottlenecks and increase productivity.

Source: Arab News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world bank sees higher 2017 global growth uncertainty over us policy world bank sees higher 2017 global growth uncertainty over us policy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world bank sees higher 2017 global growth uncertainty over us policy world bank sees higher 2017 global growth uncertainty over us policy

 



GMT 15:05 2017 Thursday ,08 June

UAE Weather: Temperature set to touch 46°C today

GMT 09:21 2012 Friday ,13 April

Chances of rain in the UAE

GMT 18:01 2011 Saturday ,12 November

Masdar set to launch Seychelles wind farm by end-2011

GMT 17:11 2017 Sunday ,19 November

South Africa eyes 2023 Rugby World Cup

GMT 21:22 2017 Saturday ,10 June

Moroccan minister

GMT 07:28 2017 Tuesday ,07 November

Now,Dubai cafes introduce special food

GMT 12:38 2016 Monday ,14 November

2016 'very likely' hottest year on record

GMT 08:03 2017 Thursday ,02 November

Abdou blames targeting Khan Yonis

GMT 10:51 2017 Thursday ,23 March

Fire damages historic Ottoman mosque in Greece

GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 00:14 2017 Friday ,13 October

Army kills mercenaries in Kahbob, Lahj

GMT 19:04 2017 Thursday ,08 June

Qatar sympathisers in Bahrain to face fine, jail

GMT 14:29 2017 Wednesday ,02 August

Man City winger Navas returns to Sevilla

GMT 10:51 2017 Friday ,26 May

Labour Minister meets Thai envoy

GMT 19:56 2011 Wednesday ,24 August

Foreign investors keen on Bahrain

GMT 05:06 2017 Tuesday ,15 August

Speaker condoles with UAE

GMT 20:23 2017 Thursday ,07 September

Arab League condemns violence against Rohingya Muslims

GMT 09:58 2017 Wednesday ,31 May

Emirates Red Crescent signs agreement

GMT 10:23 2017 Saturday ,21 October

Yemeni official survived an armed ambush in Lahij

GMT 02:55 2016 Wednesday ,22 June

Serena battles rivals, self-doubt at Wimbledon

GMT 12:23 2017 Thursday ,09 February

Security consultant denies 'bugging' All Blacks

GMT 09:36 2016 Thursday ,07 July

Sacked Fox News host files sexual harassment suit

GMT 09:21 2015 Saturday ,05 December

British play to feature all 74 Shakespeare deaths
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice