Japan and Germany lead global GDP growth


August 18 , 2017 – Fort Russ News – 

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KtovKurse – translated by Inessa Sinchougova

The drivers of global GDP growth are Japan and Germany.

Analysts at Bloomberg analyzed the consensus forecast for the second quarter of this year and found that world GDP growth was 4%, which was the maximum in the last 30 months.

The next year is expected to increase the global economy by 3.4% and 3.5% in 2018. Centers for growth will be the countries of the Eurozone and Japan.

The Eurozone economy after several years of sluggish growth added 2.2% this year against 1.6% for the same period in 2016.

This was facilitated by the growth of the leading economy of the bloc – Germany (2.1% in annual terms, compared to 1.8% in 2016).

At the same time, several countries have demonstrated the best growth rates in recent years. Spain reported the best performance in two years, and Italy, one of the “weak links” of the currency bloc, may finish the year with the best data on GDP growth since 2010.

The growth of exports and investments helped France to increase GDP by 1.8% in annual terms, ensuring the highest long-term growth in the economy since 2011.

As for Japan, its GDP in April-June increased by 4% in annual terms against 1.7% in 2016.

Thus, in first place are the G7 countries’ economic growth rate. Japan demonstrates economic growth for the sixth consecutive quarter against the backdrop of the highest domestic demand in recent years.

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