At A Glance…: The world economy

2006 ◽  
Vol 196 ◽  
pp. 2-3
Keyword(s):  
Interest Rates ◽  
Euro Area ◽  
Global Economy ◽  
World Economy ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Global Growth

• Global growth will remain rapid over the next two years, with world GDP rising by 4.8 per cent in 2006 and 4.5 per cent in 2007.• China's growing weight in the global economy is a key reason why interest rates have been unusually low.• The US economy will grow by 3.3 per cent this year and 2.9 per cent in 2007.• Japan will expand by 2.9 per cent in 2006 and 2.3 per cent next year.• The Euro Area will grow by 2.1 per cent this year and 2.0 per cent in 2007.

The World Economy

2007 ◽  
Vol 200 ◽  
pp. 7-30 ◽  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Housing Markets ◽  
Housing Investment ◽  
The Past ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Monetary Authorities ◽  
Rates Of Growth

The global economy expanded by 5.3 per cent in 2006, one of the fastest rates of growth in the past 35 years. We project further expansions of 5 per cent this year and 4¾ per cent in 2008. The key risks to the forecast that we highlight in this Review relate to global housing markets and the current stance of monetary policy. The US economy is restrained by the recent correction in its housing market, which is expected to continue to weigh on the economy through 2008. There is some concern that the housing investment downturn may spread to other economies, and in this report we explore the areas most at risk to such a contagion. We also consider the recent volatility in the oil price, which makes it difficult for monetary authorities to distinguish signal from noise. If too much emphasis is placed on what subsequently turns out to be noise, policy settings could turn out to be overly lax or stringent.

At a Glance…

2010 ◽  
Vol 212 ◽  
pp. F2-F2
Keyword(s):  
Euro Area ◽  
World Trade ◽  
World Economy ◽  
Chinese Economy ◽  
List Type ◽  
Us Economy ◽  
The Us ◽  
The World

The world economy will expand by 3.9 per cent in 2010 and 3.8 per cent in 2011.World trade will increase by 9.6 per cent this year and 5.7 per cent in 2011.The Chinese economy will grow by 9.8 per cent in 2010 and 9 per cent next year.Japanese GDP will expand by 2 per cent this year and 1.5 per cent in 2011.The US economy will grow by 2.9 per cent in 2010 and 2.7 per cent next year.The Euro Area will expand by 1.2 per cent this year and 1.8 per cent in 2011.

At a Glance…: The world economy

2015 ◽  
Vol 234 ◽  
pp. F2-F2
Keyword(s):  
Interest Rates ◽  
World Economy ◽  
Emerging Market ◽  
List Type ◽  
Monetary Policies ◽  
Advanced Economies ◽  
The Us ◽  
The World ◽  
Bank Of England ◽  
Global Growth

The world economy is expected to grow by 3.0 per cent in 2015, unchanged from our August forecast, and by 3.4 per cent in 2016, marginally weaker than projected last time. Growth in emerging market economies has weakened further; recoveries have remained hesitant in the advanced economies.The projected pickup in global growth next year will be supported by accommodative monetary policies and lower oil prices. Growth should strengthen further in 2017 as recoveries take hold in some key emerging markets. But considerable risks remain.We expect the US Federal Reserve to lead the turn in official interest rates in December, with the Bank of England following next February.

AT a Glance … The World Economy

2013 ◽  
Vol 223 ◽  
pp. F2-F2
Keyword(s):  
Interest Rates ◽  
Euro Area ◽  
World Trade ◽  
World Economy ◽  
List Type ◽  
The Us ◽  
The World

World growth remains below trend at 3.3 per cent in 2013 and 3.7 per cent in 2013, little changed from our previous forecast.World trade will only grow slightly faster, and again below trend.The Euro Area will grow only slightly next year, while Japan is forecast to grow by 1.4 per cent, the US by 2.4 per cent, and China by 7.3 per cent.Interest rates will remain extremely low by historical standards, and inflationary pressures will remain subdued.

At a Glance …

2010 ◽  
Vol 213 ◽  
pp. F2-F2
Keyword(s):  
Euro Area ◽  
World Trade ◽  
World Economy ◽  
Chinese Economy ◽  
List Type ◽  
Us Economy ◽  
The Us ◽  
The World

The world economy will expand by 5.0 per cent in 2010 and 4.4 per cent in 2011.World trade will increase by 14.2 per cent this year and 8.8 per cent in 2011.The Chinese economy will grow by 11.6 per cent in 2010 and 8.3 per cent next year.Japanese GDP will expand by 3.3 per cent this year and 1.1 per cent in 2011.The US economy will grow by 3.1 per cent in 2010 and 3.0 per cent next year.The Euro Area will expand by 1.3 per cent this year and 1.8 per cent in 2011.

scholarly journals Character of the present financial crisis in USA and its possible global consequences

2008 ◽  
Vol 60 (4) ◽  
pp. 431-455
Author(s):  
Zaklina Petrac-Stepanovic
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
World Economy ◽  
Financial System ◽  
Real Estate Market ◽  
Current Crisis ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
National Economies

The US economy is facing the first big financial crisis in the 21st century. The author points out that the current crisis is much different from the previous ones by its characteristics, causes, consequences it produces on the world economy and international financial system in particular. The problems that were noticeable in the US loan market in the second half of 2007, which have escalated into a crisis of the financial system in 2008 creating instability in the world financial markets, were mostly caused by the losses on the American real estate market. For the fact that the highly integrated world economy has enabled rapidly and easily transmission the effects of real and monetary trends, reducing, on the other hand, the countries' prospects to protect their economies and populations from their effects it is evident that the way the US manages its financial system has the exceptional significance beyond USA, too. As the increasing number of countries is facing with direct or indirect effects of the current crisis it is in the interest of all those that undertaking actions to stop further negative repercussions on their national economies and ensure global economy growth. .

At a Glance…

2002 ◽  
Vol 180 ◽  
pp. 2-3
Keyword(s):  
North America ◽  
Interest Rates ◽  
Euro Area ◽  
World Trade ◽  
World Economy ◽  
Japanese Economy ◽  
Gdp Growth ◽  
List Type ◽  
The Us ◽  
The World

The world economy is starting to pick up speed again: by 2003, it will be growing by 3.7 per cent, with world trade expanding by 8.5 per cent a year.This will prompt rises in interest rates in North America and Europe.The US will grow by 2.4 per cent this year, double the rate of last year, rising to 3.5 per cent in 2003.Recovery in the euro area will be gradual, with GDP growth rising from 1.4 per cent in 2002 to 2.5 per cent in 2003.The Japanese economy will shrink by 1.2 per cent in 2002, and recovery in 2003 will be relatively modest, with GDP growth of 1.3 per cent.

The world economy

2000 ◽  
Vol 172 ◽  
pp. 3-3
Keyword(s):  
Interest Rates ◽  
World Economy ◽  
Japanese Economy ◽  
List Type ◽  
European Central ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Global Economic Growth ◽  
First Time

•The world economy will experience a synchronised upturn for the first time since 1994, with growth accelerating in 2000 in all the major regions.•Despite global economic growth of over 4 per cent in 2000, inflation will remain under control at 2 per cent in the OECD area.•The US economy will expand by 4.5 per cent, spurring the Federal Reserve to raise interest rates to 7 per cent by the beginning of next year.•The euro zone will grow by 3.4 per cent, prompting the European Central Bank to raise interest rates to 4 per cent by the end of 2000 and 4.5 per cent in 2001.•Although the Japanese economy has technically slipped back into recession, we expect growth of 1 per cent in 2000, strengthening to 2.4 per cent in 2001.

The World Economy

2004 ◽  
Vol 190 ◽  
pp. 8-32
Keyword(s):  
Euro Area ◽  
Purchasing Power Parity ◽  
World Economy ◽  
Far East ◽  
Import Demand ◽  
Rapid Expansion ◽  
Power Parity ◽  
The Us ◽  
The World ◽  
Global Growth

Following four quarters of exceptionally rapid expansion, growth in the US, China and Japan, the world's three largest economies in purchasing power parity terms, slowed in the second quarter of 2004. However, with growth remaining near trend levels in all three economies, this should not be viewed as an imminent collapse of the global recovery. On the contrary, we continue to expect world growth to stabilise at about 4-4¼ per cent per annum from 2004-2006, which is slightly faster than our estimate of trend global growth of just less than 4 per cent per annum. We see the world economy approaching full capacity output and, unless there is a shock to demand, a further acceleration in global growth is unlikely in the near term. In the second quarter of 2004, we also saw a slight dip in the Euro Area recovery, mainly driven by a drop in consumer expenditure in Italy, while growth in India and the Far East also eased slightly. Brazil, on the other hand, continued to strengthen following the recession in the first half of 2003, although recent strikes in demand for higher wages are likely to restrain the acceleration in the second half of the year. Looking forward, we expect to see some rebalancing of world growth by 2006, as the US and Japan slow to more sustainable levels and the recovery in the Euro Area becomes more broadly based. The only significant revisions to our forecast for the major economies since July include an upward revision to the outlook for Japan this year, and an upward revision to the outlook for inflation in the Euro Area in 2005. We have revised our projections for growth in Japan up by 0.4 percentage points, to 4 per cent. This follows the upward revision of 1 percentage point made in July, and primarily stems from an upward revision to growth in Chinese import demand this year.

The World Economy

2007 ◽  
Vol 199 ◽  
pp. 8-33
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Oil Prices ◽  
Forecast Horizon ◽  
Fiscal Stimulus ◽  
The Us ◽  
The World ◽  
Rates Of Growth ◽  
Global Growth ◽  
Purchasing Power Parities

Our estimates indicate that global output, measured in terms of purchasing power parities, expanded by 5.3 per cent in 2006. This is one of the fastest rates of growth recorded in the last 35 years, when global growth averaged 3.7 per cent per annum. We forecast a further expansion of 5 per cent this year, with the global economy projected to remain strong throughout our forecast horizon to 2013. Prospects for growth in both 2006 and 2007 have improved slightly over the last three months, due to a decline in oil prices, a more favourable outlook for the US and no sign of a significant slowdown in China. While growth at the global and OECD level is expected to moderate this year relative to 2006, we are projecting a modest acceleration in Japan, boosted by a small fiscal stimulus and recent gains in external competitiveness.

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