World Bank sees global growth improving to 2.7% in 2017

Tokyo

GLOBAL economic growth should accelerate modestly to 2.7 per cent this year after a post-crisis low of 2.3 per cent in 2016, but the outlook is clouded by uncertainty about policy direction in major economies, the World Bank cautioned in a report on Tuesday.

Growth in advanced economies is expected to edge up to 1.8 per cent in 2017 from 1.6 per cent last year. The World Bank's January 2017 Global Economic Prospects report put US growth at 2.2 per cent in 2017, up sharply from 1.6 per cent last year but is projected to decline to 2.1 per cent next year and 1.9 per cent in 2019.