Commentary

Q4 2016 – International Market Review & Outlook

by Kevin Burrows

In the foreword to the January 2017 World Economic Outlook (WEO) Update, the IMF highlighted that although 2016’s economic performance proved lackluster, 2017—2018 can expect to pick up the pace, especially in Emerging Markets and Developing Economies (EMDEs). Global growth for 2016 was estimated at 3.1%, rising to 3.4% and 3.6% for 2017 and 2018, respectively. The World Bank’s Global Economic Prospects January 2017 report shared a belief in the same drivers of economic activity, if not the same magnitude of growth estimates. It emphasized that shifting policies, tepid

investment and heightened uncertainty depressed world economic activity in 2016. The World Bank projects global growth to rise to 2.7% in 2017 versus 2.3% in 2016. The focal point for both reports are EMDE’s and their expected increase in growth rates.