The Outlook for the Economy in 2017

The expected economic performance for 2017 appears to be very much alike with 2016 outlook. The economists surveyed by Reuters said it would be “uneven and unspectacular”. The optimism from investors is the result of the world economy breakout. While experts also mentioned the slowdown within the global trading as it became evident amid the minor recovery in the financial depression begun almost after a decade.

The emerging market remained to be seen as susceptible. The Asian markets are expected to have lesser growth seeing the 2017 prediction for global growth is 3.2 percent whereby the calculation appeared to be slightly less confident compared with last year.

The strength of the US dollar versus other currencies had influence developing economies in regulating a higher rate of inflation and with regards the declining index of business confidence.

The American economy had a high need for improving the output of every worker in order to prosper. On the other hand, the eurozone had recently accelerated since the European Central Bank had continuously purchase bonds per month worth ten billion euro. Moreover, the ongoing elections in the countries France, Germany and Netherlands is regarded a threat to the status quo of the Euro region.

Finally, the tightening campaigns of the central banks weakened the power of the global monetary policy.