Economy
October 6, 2016
Global Economic Outlook: IMF October 2016
Written by Peter Wright
We include here an unabridged statement from the IMF that was released on Tuesday this week which forecasts economic growth for all regions and nations through 2021. The IMF reduced its forecast for economic growth in the US in 2016 from 2.4 percent in the April forecast to 1.68 percent and in 2017 from 2.5 percent to 2.2 percent. Our SMU data analysis follows with comments about the future of global and domestic steel demand through 2021. We believe that an understanding of global influences is essential if we are to have any idea what the future of the US steel market will look like.
IMF Sees Subdued Global Growth, Warns Economic Stagnation Could Fuel Protectionist Calls
