Risks and outlook for 2017

Global risks and uncertainties in 2107 will have diverse effects on the region’s economic performance. Sluggish growth of the global economy, which has now been a reality for over a decade, with average growth of 2.5% in the period 2013-2016, will continue: the average projected for 2017-2018 is 2.8%. This slack performance has been accompanied by slowing productivity —which shows a growth rate of around 1%—and declining rates of growth in global investment and trade. These factors, together with depressed aggregate demand, are holding down the growth potential of the world economy —across developed countries and emerging economies alike—for the next few years.

Sustainable Development Goals:

Decent Work and Economic Growth