Revista de Economie Mondială (Jan 2018)

THE WORLD ECONOMY IN 2017 AND THE PROSPECTS FOR 2018

  • Andrei Rădulescu

Journal volume & issue
Vol. 9, no. 4
pp. 3 – 11

Abstract

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The dynamics of the global economy improved in 2017 under the influence of the expansionary policy mix in the US and Euroland, as well as the wave of optimism across the international financial markets. An acceleration of fixed investments in the United States may be noticed, given the expected effects of the fiscal reform implemented by the Trump administration. At the same time, GDP in the Euroland rose at its highest pace since 2007, due to the expansionary monetary policy promoted by the European Central Bank and the accelerating global economy. This paper gives a brief review of the recent developments in the global economy, the United States and Euroland, as well as the prospects for 2018.

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