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Global growth enters Q4:2017 in high gear

Tsirigotakis, Ilias, Bakalis, Panagiotis, Ioannidis, Lazaros, Karanianni, Vasiliki, (2017), “Global growth enters Q4:2017 in high gear”, National Bank of Greece, Economic Research Division, Global Markets Roundup, 17 Οκτωβρίου

The IMF revised upwards its global GDP growth forecasts for 2017 and 2018 by 0.1 pp to 3.6% and 3.7%, respectively, relative to July forecasts, interrupting the trend of downgrades observed in recent years. Growth is broadening, as 75% of the world economy is experiencing an acceleration of GDP, due to supportive financial conditions. The outlook for advanced economies has improved (+0.2 pps to 2.2% for 2017), with the exception of the UK, while projections for emerging economies have remained unchanged at 4.6% for 2017.

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