Each month Oxford Economics’ team of 200 economists updates its baseline forecast for 200 countries using the Global Economic Model, the only fully integrated economic forecasting framework of its kind.
Our forecasts for world GDP growth have remained stable this month, at 2.8%
for this year and 3% in 2018. The unchanged forecast, however, reflects a
change in composition, with a stronger outlook for China compensating for a
weaker US outlook this year.We have revised up our 2017 world GDP growth forecast to 2.8%, reflecting the boost from a relatively broad-based strengthening in global trade. However, at a regional level the picture is quite mixed, with several upgrades in Europe but a more cautious outlook for the US in 2018.
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