Global Economy Watch: Predictions for 2016: G7 on steadier footing than the E7


Understanding what lies ahead is important for business planning. At the start of this new year, we have set out the key themes we think will prevail in the global economy in 2016:

  • Smoother sailing for the G7
  • Geopolitics (rather than economics) will be top of policymakers' agendas
  • Commodity prices will remain lower for longer
     


Our predictions for the year ahead have been compiled with input from senior economists from around our global network:

  • The US will top the G7 GDP growth league table
  • US and UK interest rates to rise in 2016
  • The end of the Eurozone crisis
  • India will be the star performer amongst the E7
  • Chinese GDP growth will ease to 6.5%
  • The GCC economies will start to reform their public finances
  • Sub-Saharan Africa (SSA) will add ‘an Australia’ to the world’s population
     

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Penelope Kourkafa

Director, Internal Firm Services, Marketing & Communications, PwC Greece

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