No change to the global outlook but many country tweaks for 2017

  • UK growth seen at +1.5% vs +1.1%
  • US seen at 2.3% vs 2.2%
  • Eurozone seen at 1.6% vs 1.5%
  • Italy seen at 0.7% vs 0.9%
  • Japan seen at 0.8% vs 0.6%
  • Canada unchanged at 1.9%
  • India seen at 7.2% vs 7.6%
  • China seen at 6.5% vs 6.2%
  • Brazil seen at 0.2% vs 0.5%
  • Mexico seen at 1.7% vs 2.3%
  • Saudi Arabia seen at 0.4% vs 2.0%

Lots of winners and losers on that list. In general, Latam and the Middle East drag down small improvements in developed countries. For 2018, they see global growth picking up slightly to 3.6%.

For many years, the IMF has released high estimates and then lowered them as they neared. For a change, they're raising them. That might just reflect the optimism in the air.