1. Steering Through Turbulence
  2. ExxonMobil – Close to hitting huge oil reserves in Pakistan, bigger than Kuwait’s
  3. NAYA PAKISTAN?
  4. Making ADR work for Women
  5. Women’s Rights under Family Law
  6. Shutting the Door on Refugees
  7. Water Challenges and Opportunities
  8. In Conversation with Dr. Ghulam Rasul on Hydrology
  9. In Conversation with Shafqat kakakhel: Internal Water Management Practices
  10. Come on Skipper !
  11. GUMM
  12. Annus Horibilis
  13. The Inhumanity of Pakistan’s Coal Industry
  14. Iran Nuclear Deal The U.S Withdrawal
  15. Method in the Madness
  16. Legal System Reforms
  17. Power Over Impulse
  18. Refugees and Migrants are People too
  19. PTCL – A Nonstop Journey Towards Excellence
  20. Gulgee – The Last of The Greats
  21. Patrik Hoffmann – Sonraj
  22. Pakistan’s Primordial Hindu Heritage
  23. Pakistan’s Migrant Tragedy
  24. PTCL – Fastest Growing Brand in Pakistan
  25. Keep Pakistan’s Wagon Hitched To The China Star
  26. Anique’s Chocolate Cake
  27. Selfless & Fearless – Lahore Qalandars
  28. NEWS PICKS
  29. Intellectual Property and Tourism
  30. Fitness with the Mughal
  31. REBEL WITH A CAUSE
  32. The Big Fat Lie – Cholesterol (Part-1)
  33. Mummy’s Recipes Roast Chicken & Veg
  34. ENGAGING HEADS HEARTS AND HANDS
  35. The Big Fat Lie – Cholesterol (Part-2)
  36. Q & A with Star of Parchi
  37. Addressing Sexual Abuse
  38. Q & A with EMAN ZAEEM & MEHR SAAD
  39. Pakistan’s Lost Children
  40. ENGLAND AND THE INDUSTRIAL REVOLUTION
  41. STICK WITH FRIENDS AND DITCH THE ENEMIES
  42. The Phenomenon that Stephen Hawking was!
  43. In Conversation with ANUSHAY ZEESHAN
  44. Q & A with owner of District 6 – Anum Rafat
  45. Ali Rehman Khan – Naturally A Star
  46. MUNIBA`S Call for Tolerance & Justice
  47. Q&A Muniba Mazari
  48. Health Quotient (Dental health)
  49. Money for nothing, bits for free
  50. FinTech
  51. TRADING THREATS OF WAR
  52. Crisis of Civilization
  53. Child Sexual Abuse
  54. Education is the only Solution
  55. Fit for Purpose
  56. BLUE CHIP TALKS TO THE CREATOR OF TEETOO AND TANIA
  57. Mini meringue recipe
  58. NEW ANIMATED TV SERIES PAKISTANI
  59. Changing the Perception of Public Transport Motorway Express
  60. AUSTENISTAN DEBUTS WITH ELEGANCE AND ENTHUSIASM
  61. PAKISTAN’S WOMEN OF 2017
  62. THE BEAUTY IN BUSINESS
  63. PERCEPTIONS ARE ALSO REALITY
  64. Blue Chip Q/A with Atiqa Odho
  65. Five major political events of 2017
  66. WHAT DOES TRUMP’S TWEET MEAN FOR CPEC AND THE REGION
  67. THE GLOBAL ECONOMY IN 2017
  68. AFGHANISTAN GOING DOWNHILL
  69. 2017 FOR PSX – THE CLIMB AND THE DECLINE
  70. What we can learn from Ghalib
  71. QUINOA SALAD WITH THAI DRESSING
Thu, Sep 20, 2018
  1. Steering Through Turbulence
  2. ExxonMobil – Close to hitting huge oil reserves in Pakistan, bigger than Kuwait’s
  3. NAYA PAKISTAN?
  4. Making ADR work for Women
  5. Women’s Rights under Family Law
  6. Shutting the Door on Refugees
  7. Water Challenges and Opportunities
  8. In Conversation with Dr. Ghulam Rasul on Hydrology
  9. In Conversation with Shafqat kakakhel: Internal Water Management Practices
  10. Come on Skipper !
  11. GUMM
  12. Annus Horibilis
  13. The Inhumanity of Pakistan’s Coal Industry
  14. Iran Nuclear Deal The U.S Withdrawal
  15. Method in the Madness
  16. Legal System Reforms
  17. Power Over Impulse
  18. Refugees and Migrants are People too
  19. PTCL – A Nonstop Journey Towards Excellence
  20. Gulgee – The Last of The Greats
  21. Patrik Hoffmann – Sonraj
  22. Pakistan’s Primordial Hindu Heritage
  23. Pakistan’s Migrant Tragedy
  24. PTCL – Fastest Growing Brand in Pakistan
  25. Keep Pakistan’s Wagon Hitched To The China Star
  26. Anique’s Chocolate Cake
  27. Selfless & Fearless – Lahore Qalandars
  28. NEWS PICKS
  29. Intellectual Property and Tourism
  30. Fitness with the Mughal
  31. REBEL WITH A CAUSE
  32. The Big Fat Lie – Cholesterol (Part-1)
  33. Mummy’s Recipes Roast Chicken & Veg
  34. ENGAGING HEADS HEARTS AND HANDS
  35. The Big Fat Lie – Cholesterol (Part-2)
  36. Q & A with Star of Parchi
  37. Addressing Sexual Abuse
  38. Q & A with EMAN ZAEEM & MEHR SAAD
  39. Pakistan’s Lost Children
  40. ENGLAND AND THE INDUSTRIAL REVOLUTION
  41. STICK WITH FRIENDS AND DITCH THE ENEMIES
  42. The Phenomenon that Stephen Hawking was!
  43. In Conversation with ANUSHAY ZEESHAN
  44. Q & A with owner of District 6 – Anum Rafat
  45. Ali Rehman Khan – Naturally A Star
  46. MUNIBA`S Call for Tolerance & Justice
  47. Q&A Muniba Mazari
  48. Health Quotient (Dental health)
  49. Money for nothing, bits for free
  50. FinTech
  51. TRADING THREATS OF WAR
  52. Crisis of Civilization
  53. Child Sexual Abuse
  54. Education is the only Solution
  55. Fit for Purpose
  56. BLUE CHIP TALKS TO THE CREATOR OF TEETOO AND TANIA
  57. Mini meringue recipe
  58. NEW ANIMATED TV SERIES PAKISTANI
  59. Changing the Perception of Public Transport Motorway Express
  60. AUSTENISTAN DEBUTS WITH ELEGANCE AND ENTHUSIASM
  61. PAKISTAN’S WOMEN OF 2017
  62. THE BEAUTY IN BUSINESS
  63. PERCEPTIONS ARE ALSO REALITY
  64. Blue Chip Q/A with Atiqa Odho
  65. Five major political events of 2017
  66. WHAT DOES TRUMP’S TWEET MEAN FOR CPEC AND THE REGION
  67. THE GLOBAL ECONOMY IN 2017
  68. AFGHANISTAN GOING DOWNHILL
  69. 2017 FOR PSX – THE CLIMB AND THE DECLINE
  70. What we can learn from Ghalib
  71. QUINOA SALAD WITH THAI DRESSING
103301862-GettyImages-96502248-1024x682
GettyImages-185920854-56a31baa3df78cf7727bcff9-1024x587
1444327183377644-global-economy-loses-stream-as-chinese-manufacturing-and-service-sectors-fa-1200x720-800x800

The global economy started off with much trepidation in the beginning 2017, as the world saw potential issues that might negatively impact the economy across the board, such as China’s mounting debt, India’s cash cancellation, Brexit, Trump’s plans for the United States’ economy, and more. However, at the turn of the quarter, it appeared that things were picking up for the world economy.

 

According to a June 2017 journal by the Global Economic Prospects, “as actual growth continues to exceed potential growth, increasing inflation and narrowing output gaps have raised the prospects of less accommodative monetary policy. Advanced economy growth is expected to accelerate to 1.9 percent in 2017, before moderating gradually in 2018-19. As usual, the outlook is predicated only on legislated fiscal and trade policies. The recovery in global trade coincides with strengthening investment, which is more import-intensive than other components of aggregate demand.”

 

Fitch Ratings’ chief economist, Brian Coulton had also projected that 2017 would see the fastest world growth, at 2.9 per cent, since 2010. He indicated that the growth was reflective of a “synchronised improvement across both advanced and emerging market economies”.

 

These predictions were not that far off as overall, 2017 saw a rising stability across the global economy platform, especially with the trade sector’s recovery and progression. The positive direction that the economy took last year resulted in the bullish revision of the Organisation for Economic Co-operation and Development (OECD) prediction for world economic growth in 2017 by 3.6 per cent, and 2018 by 3.7 per cent.

 

Overall, the United States still holds the largest chunk of the world economy based on its gross domestic product (GDP), with an almost 25 per cent share, valued at $18 trillion, followed by China at $11 trillion and Japan at $4.4 trillion.

 

Despite trailing behind the United States by $7 trillion, China is poised to be gunning for lead position as it saw an economic growth of 6.7 per cent in 2016, which is significantly higher than the United States’ 1.6 per cent. The former has also overtaken India as the fastest growing large economy, outdoing the latter by a 0.1 per cent growth. This takeover was attributed to India’s Narendra Modi’s cash cancellation initiative, which led to a financial turmoil in the country.

 

Moving forward to 2018, economists are positive that the world economy will see continued growth, especially in advanced and emerging economies. Data sets from China, Japan, Europe and the United States have shown a synchronised global economic recovery, which would aid significantly in lowering trade and currency tensions.

“Moving forward to 2018, economists are positive that the world economy will see continued growth, especially in advanced and emerging economies. Data sets from China, Japan, Europe and the United States have shown a synchronised global economic recovery, which would aid significantly in lowering trade and currency tensions. “

 

There also appears to be less economic uncertainty in Europe as the United Kingdom and the European Union have come up with some form of agreements pending the official exit of the former in 2019. With this agreement, there is some form of confidence that can be established in the Eurozone that a complete economic crash will not be imminent.

 

By: Syahirah Anwar

0 Comments

Leave a Comment

Advertise

LATEST POSTS

NAYA PAKISTAN?

NAYA PAKISTAN?

September 12, 2018
Making ADR work for Women

Making ADR work for Women

September 12, 2018
Women’s Rights under Family Law
Shutting the Door on Refugees

Advertise

LATEST POSTS

NAYA PAKISTAN?

NAYA PAKISTAN?

September 12, 2018
Making ADR work for Women

Making ADR work for Women

September 12, 2018
Women’s Rights under Family Law
Shutting the Door on Refugees