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Manufacturing & The Economy

IMF Raises Global Growth Forecast to 3.5% This Year

Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing and trade, according to the IMF’s World Economic Outlook. World growth is expected to rise from 3.1% in 2016 to 3.5% in 2017 and 3.6% in 2018. Stronger activity, expectations of more robust global demand, reduced deflationary pressures, and optimistic financial markets are all upside developments. But structural impediments to a stronger recovery and a balance of risks that remains tilted to the downside, especially over the medium term, remain important challenges. 

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