Insight
Q4 2016 Global economy: US resurgence, China resilience, Brexit defiance
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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?
Table of contents
- 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
Tables and charts
This report includes the following images and tables:
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PMI and consumer confidenceEmployment gains vs unemployment rateNominal wage growth vs inflation
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Pound sterling real trade weighted indexUS employment in oil and gas extractionTotal US rig countUS dollar index and government bond yieldsChina household debtHousehold debt as % of GDPMiddle East fiscal balance projections for 2017
What's included
This report contains:
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