Forecasts global GDP growth at 2.17% for 2017, maintaining its previous forecast in its latest Global Economic Prospects report
- And sees 2018 higher at 2.9%
- The forecasts compare with 2016 growth estimate from the organisation of 2.4%
Bank citing
- Apickup in manufacturing & trade
- Better confidence
- Commodity price recovery
- Japan and Europe as having improved prospects, and also improvement in EM markets China, Brazil, Mexico, India, Indonesia, Turkey and Russia
"A fragile but real recovery now under way"
Note the June forecasts compared with those for January (2017) - this is the first time in several years that June forecasts were not lowered compared with those in January
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And the full report available from here
