Global Economy Forecast To Grow Slower In 2016 And 2017, Euromonitor International Says

World GDP growth is forecast lower at 3.0 percent for 2016 and 3.2 percent for 2017, according to Euromonitor International. Data from the market research firm's Global Economic Forecasts: Q2 2016 revealed global stock markets have recovered from the sharp declines that took place in early 2016; however, financial stability has decreased, with risk-aversion rising. As a consequence, consumer and business confidence indicators are dropping across developed markets, which is likely to adversely affecct consumption and investment decisions. Emerging markets are finding it harder to grow and are experiencing significant declines in capital inflows, with some even seeing capital outflows.