Atradius February 2017 Economic Update
Political uncertainty in advanced markets on the radar for 2017
The global economy is forecast to expand 2.8% in 2017, up from the 2.5% estimated in 2016. The acceleration is as a result of an anticipated emergence of large emerging markets such as Brazil, Argentina and Russia from recession. Developed markets are facing a mixed outlook for 2017 though. GDP growth is forecast to pick up in the US, and the eurozone is forecast to see another year of weak recovery while the UK slows.