Abstract
In 2017, the world economies recovered strongly. The U.S. economy grew by 2.3%, an increase of 0.7 percentage points over the previous year; the Eurozone’s economy grew by 2.5%, and the growth rate reached the highest level since 2007. In the next two years, although the U.S. economy is still facing greater risks, the release of tax reform effects, stable domestic consumption growth, and the weak US dollar policy will all help maintain the steady growth of U.S. economy. The International Monetary Fund (IMF) released its forecast in January 2018. In the next two years, the growth rate of the US economy is expected to remain at 2.7 and 2.5%.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
On February 1, 2018, the U.S. dollar index fell to 88.5, returning to the level of the end of 2014.
Author information
Authors and Affiliations
Consortia
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Center for Macroeconomic Research at Xiamen University. (2018). China’s Macroeconomic Forecast for 2018–2019. In: China's Macroeconomic Outlook. Current Chinese Economic Report Series. Springer, Singapore. https://doi.org/10.1007/978-981-13-1005-8_2
Download citation
DOI: https://doi.org/10.1007/978-981-13-1005-8_2
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-13-1004-1
Online ISBN: 978-981-13-1005-8
eBook Packages: Economics and FinanceEconomics and Finance (R0)