Global Growth Outlook 08/2017

Asia and Europe driving world economy

The world economy is showing unexpectedly strong momentum since the start of the year. The BDI expects the real economic output to increase worldwide by 3.6 percent, driven mainly by China, Japan and the euro area. The global trade and the industrial production rise robust. Exports are growing substantially in Asia, North America, Western Europe and commodity countries. Industrial production is pointing up in the euro area and Japan.