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Reduced Global Economic Growth Forecast of World Bank in 2017

January, 11 2017
watermark Economic news

    The global economic forecast from World bank decreased by 0.1 percentage point. Reports released on Wednesday stated the figures will be 2.7% in 2017 and 2.9% in 2018. As for 2016, its global GDP forecast decreased by 0.1 percentage point to 2.3%.

    On the positive side, the Emerging market and developing countries are anticipated to gain its momentum in 2017 despite concerns related to commodity exports and domestic demand for commodity imports. Although there are associated risks such as uncertainty to policies of developed economies and sluggish growth. Moreover, the effects of fiscal stimulus and other policies could have a heavier effect more than expected.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.