(Source: IMF - International Monetary Fund) World Economic Outlook (WEO) Update July 2016 Download the report in PDF: Before the June 23 vote in the United Kingdom in favor of leaving the European Union, economic data and financial market developments suggested that the global economy was evolving broadly as forecast in the April 2016 World Economic Outlook (WEO). Growth in most advanced economies remained lackluster, with low potential growth and a gradual closing of output gaps. Prospects remained diverse across emerging market and developing economies, with some improvement for a few large emerging markets-in particular Brazil and Russia-pointing to a modest upward revision to 2017 global...
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