On October 19th, International Monetary Fund(IMF) released the world economic outlook report, the forecast of the global growth in 2015 is 3.1%, which is 0.3% lower than the growth in 2014, and 0.2% lower than the predicted value in July 2015. Prospects for major contries and regions remain uneven.
Compare to 2014, the recovery in advanced economies is expected to accelerate slightly, while the slowdown in emerging markets and developing economies is expected to remain for the fifth consecutive year.
According to the report, a growth in emerging markets and developing economies is expected in 2016. This is mainly because the countries that are in recessions or economic harship in 2015 will or partially be able to normalize their situation, the economic activities in advanced economies will be able to accelerate the spillover effects that were brough about.
1 comment:
Due the downturn of Chinese stock market, I feel that the global forecast for the remainder of 2015 released by the International Monetary Fund (IMF) is reasonable. Every economy in the world is so intertwined with one another that a change in one major economy affects the entire global community. Even though this outlook is lower than anticipated in years past and even since the beginning of this year, I do not think it is a horrid thing. Major countries and regions will in fact remain uneven due to the fact that the recovery process is still occurring all over the globe.
In my honest opinion, the global economic outlook is something that is always changing and honestly, almost impossible to put a numerical value on. The only thing that is certain is that the business cycle will continue to correct itself. I think that the question that remains now is when exactly will this occur?
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