Moderate growth of the world economy in 2017

PMI surveys from IHS Markit indicate that the world economy expanded at a moderate pace in the first four months of this year.

https://www.markiteconomics.com/Survey/PressRelease.mvc/8f2bc4e8a08648c98b02173d4e39e361

Composite leading indicators from the OECD let believe that this trend will continue in the coming quarters.

http://www.oecd.org/std/leading-indicators/OECD-CLI-05-17.pdf

So, the IMF forecast of a 3.5% growth for world output in 2017 is still in the cards. Such a growth would be better than in 2016 (3.1%), and would be similar to what was achieved from 2012 to 2015.

http://www.imf.org/en/Publications/WEO/Issues/2017/04/04/world-economic-outlook-april-2017