NEW YORK, Nov. 16, 2016 /PRNewswire/ -- Geopolitical tensions, policy uncertainty, financial market volatility, and rapid changes in technology will pin the world economy to a slow-growth path, according to The Conference BoardGlobal Economic Outlook 2017, released today. The report projects global GDP growth of 2.8 percent in 2017, a very modest improvement from 2.5 percent in 2016. By contrast, annual growth rates were routinely above 4 percent in the mid-2000s, and averaged 3.6 percent in 2010-15. Even this low baseline scenario faces considerable uncertainty in the next decade; seismic upheavals in the global trade system and other downside risks could detract another 0.9 percent from projected growth over the next five years. "It is now undeniable that the global economy is stagnant," said Bart van Ark, Chief Economist at The Conference Board. "The holding pattern we described in last year's report has been replaced by a gradual descent to a lower altitude, with a risk of further decline if the sources of growth weaken further." " Donald Trump's upset victory in the U.S. presidential election further increases uncertainty over the fate of the global economy, but—as of now—doesn't alter our bottom-line growth picture," said Gad Levanon, Chief Economist for North America. "Fiscal policy measures such as tax cuts and infrastructure investments may provide some growth upside for the U.S. in the short term. But they're likely to have only a minor impact on an economy that is beginning to reach full capacity and facing the prospect of impending interest rate increases, which may reduce the appetite to invest."