Classification by world economic outlook groups and their shares in aggregate gdp, exports of goods and services, and population, 20 159 table b. This world investment report provides an overview of the global sez landscape and offers advice on how to respond to fundamental challenges for zones posed by the sustainable development imperative. Economic difficulties worldwide are continuing to make greater demands on political attention and financial resources. Subdued investment in emerging market and developing economies emdes is dampening potential growth prospects. Further, global organizations have their view on the state of the indian economy which needs to be juxtaposed with the home view. We support the implementation of the african unions strategic vision at continental, regional, national and local levels by coproducing cuttingedge data and analysis with our african member states and partners, and facilitating an open dialogue on policies to accelerate that transformation. Most economic discussion so far assumes that opening up the region will be beneficial. Imf executive board discussion of the outlook, september 2015. Global growth, which in 2016 was the weakest since the global financial crisis at 3.
After strengthening in early 20 due to an improved economic outlook, most industrial commodity prices have now retreated below their end 2012 levels. Commodity markets outlook, july 20 ingles banco mundial. Temporary oil price shock impact on gdp and current accounts. Moreover, domestic barriers to firms entering markets are still high, in particular for black entrepreneurs despite policies to foster black economic empowerment. Classification by world economic outlook groups and their shares. Chart data can be accessed by rightclicking the chart in the ppt file. Less even expansion, rising trade tensions july 2, 2018 description. The cia world factbook with global information on geography, people, governments, economies, communications, transportation, the military, and international issues. Global growth is in low gear, and the drivers of activity are changing. Largest deficit and surplus economies, 2006 and 20. Row rest of the world economic variables and institutions. Worldwide output is expected to grow at just over 3% in 20. Ethiopia economic outlook african development bank. Economic outlook no 93 june 20 longterm baseline projections graph economic outlook no 93 june 20 longterm baseline projections economic outlook no 93 june 20.
Imf world economic outlook weo transitions and tensions. Imf world economic outlook weo update growing pains. The weo is released in april and septemberoctober each year. Imf world economic outlook weo update growing pains, july. This is less than forecast in the april 20 world economic outlook weo, driven to a large extent by appreciably weaker domestic demand and slower growth in several key emerging market economies, as well as a more protracted recession in the euro area. With smaller capital inflows, exchange rates have been a shock absorber in many emerging market economies. The arctic is thought to be home to 30% of the worlds undiscovered gas. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product gdp. Firstround trade balance impact from changes in commodity prices 28 table 1.
Imf executive board discussion of the outlook, october 2017. In keeping with the established tradition, the south africa economic update comprises two. The global economic outlook is complemented with an analysis of a selected topical issue from the world economy. The conference board is a global, independent business membership and research association working in the public interest global economic outlook the conference board the conference board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. The world bank is pleased to present the third south africa economic update, with a focus on inequality of opportunity. Download pdf ontario minister of finance, charles sousas statement to the legislature introduction mr. Annual economic outlook 20 the economic and investment prospects for 20 depend primarily on how quickly the developed economies especially the us, the eurozone and the uk can facilitate balancesheet repair in the private sector households and. Pielke senate epw testimony page 2 of 10 18 july 20 2 humans influence the climate system in profound ways, including through the emission of carbon dioxide via the combustion of fossil fuels.
Section 1 provides an eco nomic update and assesses the challenges and nearterm prospects facing the south african economy. Commodity markets outlook, july 20 english the world bank. Overall, the revision does not significantly change the imf staffs broad view. In todays times the domestic and global markets are highly interconnected. Food prices have been weakening as well, mainly a reflection of improved supply conditions. Another concern is rising debt, which may make it difficult for emdes to. The gross world product gwp is the combined gross national product of all the countries in the world. Besides reports on its key events and standalone publications such as the global competitiveness report, the global risks report and the global gender gap report, the forum. Imf executive board discussion of the outlook, april 20. In this edition of the global economic outlook, weve included regional sections for the us, asia, and europe that describe the underlying forces that will shape growth in the short and medium term.
The global upswing in economic activity is strengthening. Bank regulation and supervision a decade after the global financial crisis world bank 2020 over a decade has passed since the collapse of the u. The world economic forum publishes a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world. The economic impact of this will be far reaching he says. The international energy outlook presents an assessment by the u. There is also the financial risk to emerging markets of the rising dollar, he says, echoing christine lagardes comments, and the fact that protectionism might further reinforce it. Downside risks to global growth prospects still dominate. Imf executive board discussion of the outlook, march 2012 171 statistical appendix 175 assumptions 175 whats new 176 data and conventions 176 classification of countries 177 general features and composition of groups in the world economic outlook classification 177 table a. Energy information administration of the outlook for international energy markets through 2050. World economic outlook international monetary fund. Africas sustainable economic and social transformation is a global priority. As in the april 20 world economic outlook, data for syria are excluded for 2011 onward due to the uncertain political situation. The international monetary fund imf is an international organization headquartered in washington, d. Export dynamics following laeven and valencia 20 currency crises.
Global growth is projected to remain subdued at slightly above 3 percent in 20, the same as in 2012. Poor little rich countries daily chart the economist. The second section presents a brief description of the changes to the database and statistical tables since the april 20 issue of the world economic outlook. Starting with the july 20 weo update, indias data and forecasts are presented on a fiscal year basis. Imf world economic outlook july 20 free download as pdf file. Growth should benefit from the homegrown economic reform program, which seeks to address macroeconomic imbalances and unlock structural. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership. As in the october 2012 world economic outlook, data for syria are excluded for 2011 and later due to the. In keeping with the earlier format, the report has two parts. The oecd economic outlook is the oecds twiceyearly analysis of the major economic trends and prospects for the next two years. Use this database to find data on national accounts, inflation, unemployment rates, balance of.
Potential growth estimated usingmultivariate filter see box 1. On july 1, 20, croatia became the 28th member state of the european union. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators. The number of zones around the world has grown rapidly this decade to more than 5,000, with many more planned. Growing pains global growth is projected to remain subdued at slightly above 3 percent in 20, the same as in 2012. The assumptions underlying the estimates and projections for 2014 and the mediumterm scenario for 201518 are summarized in the first section. Projections for cyprus, which were excluded in april 20 due to the crisis, are once again included. The annual non food inflation rate fell in july to just 1.
Commodity markets outlook, july 20 english abstract. Besides reports on its key events and standalone publications such as the global competitiveness report, the global risks report and the global gender gap report, the. The timorese authorities have revised the compilation. Use the free adobe acrobat reader to view this pdf file. The outlook for economic growth in the west is bleak, according to the imfs latest world economic outlook, released on april 16 th. Pielke senate epw testimony page 1 of 10 18 july 20. General features and composition of groups in the world economic outlook classification 157 table a. World economic outlook selected topics 181 tables table 1. In those circumstances, its best to look at nonfood inflation to get a better idea of underlying price pressures in the world s second largest economy. Economic and environmental systems are simultaneously under stress worldwide and this is testing resilience at the global and national levels. Since 1984, the world bank group wbg has been providing development assistance to mozambique in accordance with the countrys needs and priorities, from economic stabilization in the 1980s, to postwar reconstruction in the early 1990s, to a comprehensive support strategy in the late 1990s. Imf world economic outlook july 20 economic growth euro.
Overview of the world economic outlook projections 2 table 1. Global growth is projected to remain subdued at slightly above 3 percent. Background and reauthorization congressional research service 1 introduction in 2000, congress passed the african growth and opportunity act agoa, a u. World economic situation and prospects is produced at the beginning. Imf world economic outlook weo, october 20 table of contents. On the more shortterm, the rising dollar is an issue, says fink. Therefore, it becomes essential to track the happenings in. Projections for these indicators are provided only through 2021. Risks to the outlook remain firmly on the downside, including the possibility of escalating trade tensions.