What will happen to the global economy in 2017?

Lots of changes are happening in the world right now. As new leaders in many countries try to tighten their respective administrations, these adjustments have a direct effect on the world economy. This is evident especially in the case of the U.S., one of the world’s strongest nations. Here are some things that experts predict could happen to the global economy in 2017:

1. Europe could face a recession.

The Brexit is the least of the EU’s problems. The rising anti-European sentiment is becoming quite visible in Italy. If the country eventually decides to leave the Euro Zone and the European Union, this could lead the rest of the region into a dreaded recession.

Image source: Insidegov.com

2. China’s renminbi will be more stable.

The devaluation of the RMB will end in 2017, but the growth of the Chinese economy will slow down. This will make way for other emerging markets like Russia and Brazil to come out of recession and start an ascent in the global field.

3. Trump’s new policies are expected to boost growth.

Not many might see it yet, but experts predict that the fiscal policies and effects brought by the new administration will further benefit the U.S. economy. As the economy becomes more stable and as the financial markets continue to develop, the rest of the world will also be affected by these changes.

What do you think of these predictions? For me, some of these seem possible. But I’ll guess we’ll just have to see after a few months.

Image source: Worldatlas.com

Welcome to my blog. I am Steve Sorensen and I’m a CPA and business writer based in Colorado. I advise businesses on issues such as avoiding employee embezzlement and developing their retirement plans. For updates, visit this page.