What is economic growth of a region?
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Economic Outlook also offers aggregate data for different regions of the world or groups of countries that share certain relevant common traits.
Advanced economies are gaining momentum, and the IMF has reflected it in its April 2017 report with an upward revision of the growth rate for this group of countries, set to 2% for 2017. The improvement on the estimates for advanced economies is mostly due to a higher-than-expected growth in the United States and a modest recovery in Europe. However, potential changes in the policy stance of the U.S. administration are a source of great uncertainty. In the medium term, weak productivity growth and an ageing population are likely to restrain growth.
Advanced economies are gaining momentum, and the IMF has reflected it in its April 2017 report with an upward revision of the growth rate for this group of countries, set to 2% for 2017. The improvement on the estimates for advanced economies is mostly due to a higher-than-expected growth in the United States and a modest recovery in Europe. However, potential changes in the policy stance of the U.S. administration are a source of great uncertainty. In the medium term, weak productivity growth and an ageing population are likely to restrain growth.
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