Chapter 1

← Back to document page

OECD Economic Outlook, Volume 2017 Issue 2. OECD 2017 . Chapter 1. GENERAL ASSESSMENT. OF THE MACROECONOMIC situation . 11. 1. GENERAL ASSESSMENT OF THE MACROECONOMIC situation . Introduction The global economy is now growing at its fastest pace since 2010, with the upturn becoming increasingly synchronised across countries. This long awaited lift to global growth, supported by policy stimulus, is being accompanied by solid employment gains, a moderate upturn in investment and a pick-up in trade growth. Global GDP growth is projected to be just over 3 per cent this year, strengthening further to 3 per cent in 2018. before easing slightly in 2019 (Figure ; Table ). On a per capita basis, growth is set to improve but fall short of pre-crisis norms in the majority of OECD and non-OECD. economies. Inflation is currently subdued in the major economies and is set to remain moderate, although edging up gradually as resource pressures build. Whilst the near-term cyclical improvement is welcome, it remains modest compared with the standards of past recoveries.

OECD Economic Outlook,Volume 2017 Issue 2 © OECD 2017 11 Chapter 1 GENERAL ASSESSMENT OF THE MACROECONOMIC SITUATION

  Code, 2017, Chapter, Situation, 1 chapter, Oecd 2017