The world Bank (WB) has lowered its forecast for global GDP growth in 2017 and 2018 0.1 percentage points (PP), to 2.7% and 2.9%, respectively. This is stated in a published review of the Global economic Outlook.
Analysts say that in 2016 the world economy grew by 2.3%. According to their estimates, this is the weakest recovery in the post-crisis period.
The pace of global economic growth in 2017 will be accelerated to 2.7% on easing constraints to economic activity in the countries-exporters of raw materials while maintaining strong domestic demand in developing countries-importers of raw materials.
However, the experts downgraded the Outlook to 2017 for developed countries and for emerging economies. So, in developed countries, economic growth will be 1.8% this year (previous forecast of 1.9%) in emerging economies and 4.2% (previously 4.1 percent). In 2018 the growth rate will be, respectively, 1.8 percent and 4.6 percent, predicts the world Bank.
Recall that in 2016 the economic growth in developed countries was 1.6% and in developing countries is 3.4%.
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