Outlook global address not updating
For Emerging Market and Developing Economies, the quarterly estimates and projections account for approximately 80 percent of annual emerging market and developing economies' output at purchasing-power-parity weights.3/ Japan's historical national accounts figures reflect a comprehensive revision by the national authorities, released in December 2016.Historical growth revisions indicate that Japan’s growth rate in 2016 and in preceding years was stronger than previously estimated. The picture for emerging market and developing economies (EMDEs) remains much more diverse.
6/ Indonesia, Malaysia, Philippines, Thailand, Vietnam. 7/ At the time of finalizing the forecasts for Saudi Arabia, a revised quarterly GDP series consistent with the new annual GDP data had not been published. 8/ Simple average of growth rates for export and import volumes (goods and services).
Forward-looking indicators such as purchasing managers’ indices have remained strong in the fourth quarter in most areas.
Among advanced economies, activity rebounded strongly in the United States after a weak first half of 2016, and the economy is approaching full employment.
Nonetheless, the potential for disappointments is high, as underscored by repeated growth markdowns in recent years.
Against this backdrop, and given the diversity in cyclical positions and policy space, priorities differ across individual economies: Note: Real effective exchange rates are assumed to remain constant at the levels prevailing during November 4-December 2, 2016.