The international rating Agency improved the Outlook of global growth for the next two years.

According to the review of the Agency’s Global Economic Outlook (GEO), in 2017 is expected to lift global GDP by 3.1 per cent anticipated in June at 2.9%. The following year, the estimate increased to 3.2% from 3.1%.

“The global economy has improved markedly this year, and now it seems that she will be able to show the most significant increase since 2010. Developed economies benefit from an improvement in labor markets and supportive macroeconomic policies, while the economic upturn in the emerging economies (EM) returned to four-year high amid growth in China and recovery in demand in many major countries-producers of raw materials”, – reported in the review by Fitch.

Simultaneous improvement in most major economies, positive developments in world trade . In particular, the growth of imports of China from mid-2016 was an important factor to enhance the growth of world trade to a six-year high of 5%.

This situation should remain for 2018, analysts of the Agency.

A surge of protectionism in world trade and a sharp increase in risk of fragmentation of the Eurozone (the main negative factors for the slowdown in the global economy, which Fitch reported in previous GEO) seems not materialists, although rising geopolitical tensions represents a new source of concern, noted in the review.

Fifteen of the 20 countries, which includes in its calculations, Fitch, showed a higher rate of GDP growth in the first half of this year. In some cases, including Canada, Russia, Turkey and Poland, the actual figures exceeded the forecast by more than 0.5 percentage points.

Analysts of the Agency has improved its assessment of economic recovery this year, 13 States and in 2018 for 7 countries.

Fitch expects that in 2017-2018, the average oil price will be $52.5 per barrel, and in 2019 will rise to $55 per barrel.

The US dollar in the next three years will be around 113 yen and 0.87 euros and pounds – us $1.3. Analysts also expect that by the end of this year, the dollar will amount to 6.7 yuan, at the end of next year, and 6.9 yuan and the end of 2019 – 7.1 yuan.

GDP growth in the Eurozone this year would be the highest since 2007 and will amount to 2.2% (in June-expected 2%) is projected in the review. The increase in consumer prices will accelerate to 1.5% compared to 1.1% in 2016, and will continue to gain momentum in the next two years (respectively 1.6% and 1.7%). According to analysts, the benchmark interest rate in the region will remain at zero in 2017-2018 and will be raised to 0.5% per annum in 2019.

The US economy will grow by 2.1% in 2017, with inflation at 2.1%. Next year these figures are expected respectively at the levels of 2.5% and 2.2%. Expected before the end of the current year the base interest rate in the country will be raised to 1.5% per annum, by the end of next year to 2.5% and by the end of 2019 – to 3.25%.