Global economic growth is likely to accelerate slightly in
2017 compared to this year. Countries which produce raw
materials and sell them in the world market, such as Russia
and Brazil, should perform better than in 2016, since com-
modity prices have stabilised.
The US economy has redressed
its imbalances and is growing solidly again. The moderate
growth in the Euro area should also continue. China will con-
tinue to showabove-average growth, but at diminishing rates.
• Economic growth in the Ukwill suffer over the rest of 2016
and in 2017 as a result of the Brexit decision.
country’ s indigenous industry is benefiting from the current
weakness of the pound, the uncertainty concerning its future
relationship with the EU market is dampening domestic de-
mand, and investment is particularly likely to be curbed.