At a Glance …

2007 ◽  
Vol 199 ◽  
pp. 2-3

•The world economy will continue to expand vigorously, growing by 5.0 per cent in 2007 and by 4.8 per cent in 2008.•Americani GDP growth will slow to 2.9 per cent in 2007 ard 2.5 per cent in 2008.•Economic growth in the Euro Area will slow to 2.2 per cent in 2007 and 2. per cent in 2008.•Japanese growth will pick up to 2.4 per cent in 2007 and 2.5 per cent in 2008.•Both the Euro Area and Japan will perform better in the second half of the decade than in the first half because of supply-side impr-ovements.

2002 ◽  
Vol 180 ◽  
pp. 2-3

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.


2014 ◽  
Vol 229 ◽  
pp. F2-F2

Following growth of 3.1 per cent in 2013, the world economy will grow by 3.5 per cent in 2014 and 3.7 per cent in 2015.The pace of recovery remains slow and uneven; much of the Euro Area in particular remains very depressed.Key risks include deflationary pressures in the Euro area; the Chinese financial system; and the conflicting pressures on monetary policy from very buoyant financial markets and relatively weak real activity.


2012 ◽  
Vol 222 ◽  
pp. F2-F2

World growth is expected to remain below trend at 3.1 per cent in 2012 and 3.4 per cent in 2013.The Euro Area is forecast to contract by 0.5 per cent this year and grow only marginally next year with unemployment reaching ‘depression-era’ rates in some periphery economies. The US is likely to grow by 2 per cent in each year.Growth in Brazil, Russia, India and China will be below long-term potential next year, although ‘hard-landings’ will be avoided; the impact on advanced economies will be offset by a large gain in competitiveness.Debt to GDP ratios in OECD countries will, on average, be higher in 2014 than at present.


2010 ◽  
Vol 212 ◽  
pp. F2-F2

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.


Author(s):  
V. Tsibulskiy

The article presents analytical estimates of the relationship between such economic characteristics as gross domestic product, energy consumption and the degree of complexity of the economy, characterized by the number of stages of product conversion. These estimates are largely based on statistics for the world economy and the Russian economy. Considering, within the framework of the presented model, the possibility of increasing the GDP growth rate of the domestic economy will require a signifi cant reduction in energy tariff s and an increase in the scale of its production.


2013 ◽  
Vol 223 ◽  
pp. F2-F2

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.


2013 ◽  
Vol 224 ◽  
pp. F2-F2

The world economy will grow by 3.3 this year, and by 3.7 per cent in 2014: still below trend.In the developed world, divergence continues; the US will grow just over 2 per cent in each year, while the Euro Area remains in recession and will grow only about I per cent next year.Unemployment remains very high in most countries, and at depression-era rates in some peripheral Euro Area countries.


2010 ◽  
Vol 213 ◽  
pp. F2-F2

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.


2019 ◽  
Vol 250 ◽  
pp. F3-F3

Increases in tariffs and uncertainty about both future tariff impositions and their potential implications for production activity have continued to have negative effects on global trade and industrial production.Several central banks, facing below target inflation, have loosened monetary policy to mitigate the effects of slower economic growth and a deterioration in the prospects for trade. While we expect that further monetary loosening will occur, fiscal policy could be more effective in boosting demand.Trends in global industrial production and trade show activity stalling since late last year. Although there are also some weaker signs in the service sector, so far activity there has remained relatively robust.In the light of recent data, we have lowered our forecast for global GDP growth this year from 3¼ per cent to 3 per cent, the slowest annual growth for a decade. We expect a similar pace in 2020, with a slight pick-up in 2021 to 3¼ per cent.


2010 ◽  
Vol 214 ◽  
pp. F2-F2

•The world economy will grow by 4.9 per cent this year and 4.5 per cent in 2011.•Chinese growth will remain rapid, with GDP expanding by 10.7 per cent this year and 9.4 per cent in 2011.•Despite fears of a double-dip recession in the United States, its GDP will grow by 2.8 per cent a year in both 2010 and 2011.•Following in the slipstream of China, the Japanese economy will expand by 3.2 per cent in 2010 and 2 per cent in 2011.•The Euro Area will grow by 1.8 per cent in 2010 and 2.1 per cent in 2011.


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