Manuela Celia M.
University of California, USA
The World Bank, in a report released on Tuesday, says that after the low levels recorded last year after the crisis, for 2017 a 2.7% acceleration in global economic growth is expected, in a context in which which reduces the obstacles to the activity of commodity exporters in emerging markets and developing economies, while maintaining domestic demand among commodity importers in emerging and developing countries. According to the January World Bank report, World Economic Outlook, growth in advanced economies is expected to pick up to 1.8% in 2017. The fiscal stimulus in major economies - and, in particular, in the United States - could generate internal and global growth faster than expected, although increasing trade protection could have adverse effects. This year, growth in emerging markets and developing economies as a whole should recover up to 4.2% - up from 3.4% in the year that has just ended - with a moderate increase in product prices. However, the uncertainty arising from the policy orientation of the main economies overshadows this perspective. A prolonged period of hesitation could delay the slow growth of investment that is restraining low, medium and high income countries. "After years of discouraging levels of global growth, we hope for better economic prospects for the future," said Jim Yong Kim, president of the World Bank Group. “It is time to take advantage of that momentum and increase investments in infrastructure and people. This is an essential step to accelerate the sustained and inclusive economic growth necessary to end extreme poverty. ”
Keywords: World Bank, United States, Bank reports