Global economy set for continuing growth in 2017 and beyond

Tokyo

IN WHAT is now becoming a pattern among international financial institutions, the World Bank is issuing an upbeat forecast for global economic growth today, predicting a quite sharp upturn this year compared to 2016 and saying that improvement should carry over into next year and 2019.

"Global activity is firming broadly as expected, manufacturing and trade are picking up, confidence is improving, and international financing conditions remain benign," the World Bank said in its latest Global Economic Prospects report.

Despite what it called "substantial policy uncertainty", the report said that "glo…