Slow global GDP growth fore­cast

China Daily (USA) - - BUSINESS -

Global GDP is fore­cast to grow at 2.8 per­cent in 2017, a mod­est im­prove­ment on the 2.5 per­cent ex­pan­sion in 2016, New York-based in­de­pen­dent re­search group The Con­fer­ence Board said on Wed­nes­day. It said that al­though a pro­jected sta­bi­liza­tion in en­ergy and com­mod­ity prices may lift re­sourcerich economies a lit­tle next year, the medium-term trend con­tin­ued to be dom­i­nated by weaker growth in key in­puts, no­tably in­vest­ment and la­bor sup­ply. The Con­fer­ence Board said in its Global Eco­nomic Out­look 2017 that in the short term, geopo­lit­i­cal tensions, pol­icy un­cer­tainty, fi­nan­cial mar­ket volatil­ity, and rapid changes in tech­nol­ogy would pin the world econ­omy to a slow­growth path.

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