Global Economic Prospects Report - Quick Notes

Global Economic Prospects Report - Quick Notes

• The World Bank forecast was retained on June 4, 2014, that global growth will increase by 2.7% in 2017, quoting a position of production and trade, improved market confidence and recovery of a commodity price. The update of the Global Economic Potential Report of the Multinational Development Credit Provider for the first time in a few years has revealed that its June forecast was published in January due to those who increase the risk of increased growth. 
• According to the World Bank's 2017 Worldwide Growth Forecast for the year 2017, a tenth (10th) percentage point increase has increased by January 2012 compared to its 2.4% estimate. 
• It said the development of improved economics, especially Japan and Europe, when seven (7) largest emerging markets - China, Mexico, Indonesia, Brazil, India, Russia and Turkey - are helping to increase the worldwide growth. 
• Japan's forecast ratio increased by 0.6% to 1.5% in Japan compared to January 2017; The euro zone 'forecast was 0.2% point increase to 1.7%. 

• The World Bank said that the growth in the United States is also improving but the cost of consumer spending is due to poor growth in the year caused by a pullback 0.01% off for 2.1% forecast for 2017. It is considered temporary, it predicts the 2011 United States forecasts that China is 6.7% will be reduced to 6.5%. 
• However, it is warned that new trade restrictions can prevent the recovery of trade, which refers to the action done by the Donald Trump administration to benefit many developed and developing economies. 
• India has nothing to recover from the temporary disaster of the recent disaster of the World Bank, the World Bank predicted strong 7.2% increase this year, compared to 6.8% growth before 2016. 
• Even India's growth statistics have improved by 0.4% of the World Bank compared to the January 2014 forecast, but India has become the fastest growing economy in the world. 
• Among its latest global economic prospects worldwide, by 2018, 2018 India's growth has increased by 7.5% and in 20107 77%. In both the years, the forecasts were downgraded by 0.3% and 0.1% points compared to the January 2017 forecast. 

Major Points - Points You Need to Know

1. The economic activity of India was influenced by a favourable monsoon, which supported agricultural and rural expenditure, increased infrastructure expenditure and strengthened the government. 
2. Domestic demand is expected to remain firmly supported by reforms as GST. 
3. Increasing exports in the South Asian economy, lowering oil prices, infrastructure spending and supporting Macro-economic policies are benefited in 2016. 
4. Increasing government expenditure, including capital formation, partially offset soft personal investment