According to the October 2016 World Economic Outlook, global growth is projected to slow to 3.1% in 2016 before recovering to 3.4% in 2017. The forecast, revised down by 0.1% point for 2016 and 2017 relative to April's report, reflects a more subdued outlook for advanced economies following the June UK vote in favour of leaving the EU and weaker than expected growth in the US.