Statsguru: State of the world economy

Equity prices have remained strong in both advanced and emerging markets

In the latest economic outlook, the International Monetary Fund (IMF) maintained the global growth projection of 3.5 per cent for 2017. As Chart 1 shows the Fund has upped its growth forecast for emerging markets and developing economies to 4.6 per cent in 2017, from 4.3 per cent earlier, largely on the back of stronger Chinese growth. It has lowered the US growth estimates on the grounds that the fiscal policy of the country is likely to be less expansionary than anticipated. For India, the forecast remains unchanged.

 

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