Gauging Global Growth

Since 2012, real global gross domestic product (GDP) growth has been between 3.1 and 3.5% annually, according to International Monetary Fund (IMF) estimates, with 2016 seeing the slowest growth of the period. At the start of the year, broad expectations were that continued support from global central banks, the potential for increased fiscal stimulus, especially in the U.S., and stabilization in commodity prices would return growth toward the top end of that range. In this week’s Weekly Economic Commentary, we review how global growth expectations have changed over the course of 2017.

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