On the eve of the first annual jobs report since the recession, economists and policymakers are bracing for another slow year in which the economy is expected to contract by 1.6% in 2017.
In fact, economists believe the economy will grow only 2.4% in the next 12 months.
The first quarter of 2017 marked the first time in six years that the economy expanded at an annual rate of less than 2%, according to data compiled by Bloomberg.
While this may sound like a low number for a recovery, the annual average of growth during that period was less than 0.2% per month, according to the Bureau of Labor Statistics.
The average annual rate for the past six years is 2.2%.
The U.N. panel of economists said that, in addition to weak economic growth, the world’s most populous country was not seeing a slowdown in economic activity as a whole, although it was slowing in parts of Asia and Africa.
The panel of 20 economists who analyzed the data also said that the pace of economic growth in emerging markets and sub-Saharan Africa was expected to slow in 2017, which could be partly due to slower growth in China and India.
The U in Asia and the United States”are the largest economies in the world, and they both have large populations, which means that we have an increasing number of people in these economies,” said Richard Z. Jones, the panel’s senior economist.
“It’s just a question of what the trends are going to be and what the trend line is going to look like.”
The panel also said the world economy was expected a little stronger in the first quarter, but its pace of growth in 2017 could be limited by the weak U.K. economy and the impact of the coronavirus pandemic.
The world economy is now projected to expand at an overall annual rate in 2017 of 2 percent, the third-slowest pace in nearly two decades, according in the report.
The pace was slightly higher in the second quarter, when the panel said the U in China, which accounts for about half of the world population, expanded at 2.9%.
The U.A.E. economy, which includes Brazil, Argentina, Mexico and the Philippines, expanded by 2.3%.
Economists also noted that China, the country with the world biggest economy, will be the hardest hit by the global economic slowdown.
It’s projected to shrink by 0.4 percentage points in 2017 to 6.6 percent.
The second quarter will be a bit harder for the U and U.B.C. in that it’s expected to lose 0.5 percentage points to 7.1 percent.
The second quarter of 2016 was the second-fastest quarter since the U began keeping records in 1981.
The global economy will be hurt by the end of next year, when U.O. members from Canada and the U, plus the European Union and Japan, are due to join in the group of major economies that began in April.
The world economy could shrink by 2 to 4 percent in the third quarter.
The United States, which has had an average annual growth rate of 2% since the end.
Sterling fell after the data, hitting a three-week low against the dollar.
The annual growth of the U., the world center of the economy, was 2.8% in 2016, according the panel.
That was a record for the country and a better pace than the previous three years, when growth averaged 2.1%.
The panel said this year’s growth would be at least 2% more than the annual growth since the Great Recession ended in 2009.
The slowdown in the economy has affected the U’s ability to borrow money, and the Fed is now expected to increase interest rates next month.
The Fed is already raising rates, and it’s likely to raise them further in the fourth quarter, as investors fear that the economic recovery will slow as investors prepare to cut their cash holdings.
The Fed has signaled that it will hike rates at its policy meeting next week.