Expect more good news than bad when it comes to global growth this year, as economies in several countries, including Nigeria would experience a pickup and continued robustness.
According to an analysis of the latest , the expectation is that 62 economies are slated for an improvement compared with last year, while 33 will see a deterioration. Near the top of the list are Argentina and Brazil, both set to shift from contraction to expansion, along with energy exporters Nigeria and Russia thanks to a rebound in the price of oil from a 13-year low in January 2016.
The U.S. is in line for a respectable growth boost this year to 2.3 percent, while emerging market giants China and India will remain the envies of the world — growing by 6.5 percent or more each — even as they’re both expected to slow marginally compared to 2016.
While there will be a boost in some economies, some countries have less to celebrate. In Iceland, growth is forecast to fall to 4 percent in 2017 from 7.1 percent last year, along with protest-prone Romania, unemployment-ridden Spain, and one of President Donald Trump’s frequent targets, Mexico.