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from the Dallas Fed
– this post authored by Enrique Martinez-Garcia and Valerie Grossman
World output growth (ex. U.S.) ticked up to 2.9 percent year over year in fourth quarter 2016, pushing 2016 annual growth to 2.7 percent (Chart 1 below).[1] Emerging economies, which have contributed an average 71 percent of world (ex. U.S.) growth since 2010, expanded 4.2 percent year over year in the fourth quarter.