Skip to main content

Steady as she goes

The world economy has shrugged off the result of the UK’s EU referendum and looks set to gain some momentum next year. In the US, rising core inflation will prompt the Fed to raise rates more rapidly than anticipated. But in most other advanced economies, inflationary pressures and economic growth remain weak. The ECB and BoJ are likely to loosen policy further before long. Meanwhile, emerging economies, led by China, are experiencing a cyclical rebound, and several commodity exporters are coming out of recession. But they will not return to their pre-crisis growth rates anytime soon.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access