Economic Forecast Monitor September 2016 Centrale Bank van Aruba


Real GDP for the USA is forecasted to grow by an estimated 2.3 percent in 2016, supported by, among others, a strengthening of U.S. household balance sheets, and an improvement in the housing market.
Additionally, an increase in domestic spending, pushed by gains in real disposable income and government spending, are expected to contribute to the forecasted result. Growth in the Euro Area (1.6 percent) is projected to remain at a moderate pace , attributed, among others, to high public and private debt, low investments, aging effects, and low growths in total factor productivity. Elsewhere in the advanced world, Canada's economy is expected to grow by 1.9 percent while the Japanese economy is most likely to experience a growth of 0.8 percent. The U.K. is projected to expand by 2.1 percent in 2016.


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