Every One of the World’s Big Economies Is Now Growing
- 6 years ago
Every One of the World’s Big Economies Is Now Growing
Economic growth in 2017
Year-over-year change
in gross domestic product
Year-over-year change in gross domestic product
The United States, the world’s largest economy, is into its ninth year of growth, with the International Monetary
Fund lifting expectations for expansion to 2.7 percent this year from 2.3 percent because of the tax cuts.
That’s something that concerns us.”
The world economy is expected to grow by 3.9 percent this year and next, up from 3.7 last year, and 3.2 percent in 2016, according to the I. M.F.
“If something bad happens in one economy, the fact that global growth is spread gives you more assurance that this is more sustainable.”
For the first time since the financial crisis a decade ago, all of the world’s major economies are growing.
Rising oil prices have lifted Russia and Middle East producers, while Mexico has so far transcended fears
that menacing trade rhetoric from the Trump administration would dent its economy.
Some 79 percent fretted about heightened likelihood of military conflict and 73 percent saw rising risks of an erosion of world trading rules.
As the reckoning played out from the United States to Europe to Asia, oil prices plunged, hitting Russia and the Middle East.
Economic growth in 2017
Year-over-year change
in gross domestic product
Year-over-year change in gross domestic product
The United States, the world’s largest economy, is into its ninth year of growth, with the International Monetary
Fund lifting expectations for expansion to 2.7 percent this year from 2.3 percent because of the tax cuts.
That’s something that concerns us.”
The world economy is expected to grow by 3.9 percent this year and next, up from 3.7 last year, and 3.2 percent in 2016, according to the I. M.F.
“If something bad happens in one economy, the fact that global growth is spread gives you more assurance that this is more sustainable.”
For the first time since the financial crisis a decade ago, all of the world’s major economies are growing.
Rising oil prices have lifted Russia and Middle East producers, while Mexico has so far transcended fears
that menacing trade rhetoric from the Trump administration would dent its economy.
Some 79 percent fretted about heightened likelihood of military conflict and 73 percent saw rising risks of an erosion of world trading rules.
As the reckoning played out from the United States to Europe to Asia, oil prices plunged, hitting Russia and the Middle East.