Executive Summary

The year 2016 was marked by a continuing economic slump. The growth rate of 2.3 per cent was the lowest registered since the global financial crisis. The slowdown was attributed largely to political uncertainty in the developed economies and rising geopolitical tensions in the developing economies. Signs of recovery appeared in the second half of the year, with improving business sentiment and consumer confidence in most developed economies. However, the emergence of protectionist trends heralds potential new risks for the future of the global economy.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure