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Q4 2016 Global economy: US resurgence, China resilience, Brexit defiance


Q4 2016 Global economy: US resurgence, China resilience, Brexit defiance

Report summary

After a difficult start to the year, the global economy has strengthened in the second half of 2016. A number of shocks hit the global economy stemming from political sources. The UK voted to leave the EU and the US elected Donald Trump its next president. Arguably, more surprising is how these shocks have been absorbed. Elsewhere, China's growth remains on course to hit the official government target this year. Finally, the OPEC deal offers some relief to governments of oil producing economies of the Middle East. Will this momentum be sustained through 2017? 

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  • Q4 2016 Global economy: US resurgence, China resilience, Brexit defiance PDF - 351.81 KB 8 Pages, 0 Tables, 10 Figures

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • UK economy defies Brexit shock – for now
  • United States: economy accelerating into 2017
  • China growth resilient, but debt risks rising
  • Middle East: will oil prices recover to bail out governments?
  • Conclusion

In this report there are 10 tables or charts, including:

  • UK economy defies Brexit shock – for now
    • PMI and consumer confidence
    • Employment gains vs unemployment rate
    • Nominal wage growth vs inflation
    • Pound sterling real trade weighted index
  • United States: economy accelerating into 2017
    • US employment in oil and gas extraction
    • Total US rig count
    • US dollar index and government bond yields
  • China growth resilient, but debt risks rising
    • China household debt
    • Household debt as % of GDP
  • Middle East: will oil prices recover to bail out governments?
    • Middle East fiscal balance projections for 2017
  • Conclusion
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