GLOBAL ECONOMIC OUTLOOK FOR 2017  The world economy 2017 will be very different from 2016, in many respects. If 2016 will be remembered as the year of Brexit and Donald Trump’s election, 2017 I foresee may well be remembered for developments in the European continent.
Euro area averages naturally mask a variety of growth performances – outstanding and unsatisfactory – of individual countries within the single currency area. Ireland, Greece, Spain and Luxembourg have all recorded more than 3% growth on average since the introduction of the euro, while Germany, Italy and Portugal have grown barely 1.5% on average over the same period.