StraightTalk® Global Economic Outlook 2017: Can the Recent Upswing Put Global Growth Back on Track?

The Conference Board, Inc., 9 pages, June 29, 2017
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The latest estimates of monthly leading economic indicators and quarterly GDP growth indicate that rising confidence among business and consumers in recent quarters has translated into a small positive impact on the real economy.

Document Highlights

The recent modest strengthening of the global economy is a welcome distraction from the drumbeat of negative expectations for slow global growth over the next decade. This opens the door for businesses to catch up on their reinvention and digital transformation to strengthen their growth base and allow them to weather the longer-term, structural headwinds which remain. This recent cyclical upswing and recovery in productivity will raise global growth to 2.9 percent in 2017 from 2.5 percent in 2016.

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