At a Glance …: The World Economy

2013 ◽  
Vol 225 ◽  
pp. F2-F2
Keyword(s):  
Interest Rates ◽  
World Economy ◽  
Emerging Market ◽  
Significant Rise ◽  
List Type ◽  
Slow Recovery ◽  
Term Trend ◽  
Advanced Economies ◽  
The World

The world economy will grow by 3.1 per cent this year, and by 3.6 per cent in 2014: still below longer-term trend.Growth has slowed in key emerging market economies, particularly China, while it remains relatively weak in most advanced economies.A significant rise in the volatility and level of global long-term interest rates is inconvenient for some countries and may slow recovery.

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

2012 ◽  
Vol 222 ◽  
pp. F2-F2
Keyword(s):  
Euro Area ◽  
World Economy ◽  
List Type ◽  
Advanced Economies ◽  
The Us ◽  
The World ◽  
Depression Era ◽  
The Impact ◽  
India And China

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.

At a Glance … The World Economy

2014 ◽  
Vol 227 ◽  
pp. F2-F2
Keyword(s):  
World Economy ◽  
Emerging Market ◽  
Emerging Market Economies ◽  
List Type ◽  
Unemployment Rates ◽  
High Unemployment ◽  
Advanced Economies ◽  
The Us ◽  
The World ◽  
Growth Prospects

World economy will grow by 3.7 per cent in 2014 and 2015; an improvement on the 3.1 per cent last year, but still a sluggish recovery by historical standards.Growth prospects have improved in advanced economies, particularly in the US, but have deteriorated in a number of emerging market economies.High unemployment rates coupled with moderate and uneven growth raises the spectre of unexpectedly low inflation. This could greatly complicate macroeconomic policymaking.

At a Glance …: The World Economy

2013 ◽  
Vol 226 ◽  
pp. F2-F2
Keyword(s):  
World Economy ◽  
Emerging Market ◽  
Emerging Market Economies ◽  
List Type ◽  
Market Economies ◽  
Advanced Economies ◽  
The World ◽  
Global Growth

The world economy will grow by 3 per cent this year, and by 3.8 per cent in 2014.Growth has picked up slightly in advanced economies, while it has slowed in in key emerging market economies.Despite the clear improvements in some major economies, the risks to global growth are mostly on the downside.

At a Glance…: The World Economy

2016 ◽  
Vol 235 ◽  
pp. F2-F2
Keyword(s):  
World Economy ◽  
Emerging Market ◽  
Commodity Prices ◽  
List Type ◽  
Equity Prices ◽  
Advanced Economies ◽  
Global Demand ◽  
The World ◽  
Recent Falls ◽  
Economic Outlook

The world economy grew by 3.0 per cent in 2015, as indicated in our last two forecasts. It is now projected to grow only slightly faster this year, by 3.2 per cent, and by 3.8 per cent in 2017.In the advanced economies, the modest and uneven recovery is expected to continue, while many major emerging market economies continue to face significant challenges, with slower growth in some cases and deep recessions in others.The renewed decline in global oil prices in the past three months, accompanied by sharp falls in equity prices worldwide, have increased uncertainty about the global economic outlook.Recent falls in oil and other global commodity prices will lower inflation again in the short term, but should boost global demand while increasing the challenges faced by commodity producers.

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 …

2016 ◽  
Vol 236 ◽  
pp. 48-48
Keyword(s):  
United States ◽  
World Economy ◽  
Emerging Market ◽  
Oil Prices ◽  
The United States ◽  
Emerging Market Economies ◽  
List Type ◽  
Monetary Policies ◽  
Market Economies ◽  
The World

The world economy is expected to grow by 3.0 per cent in 2016, down from the 3.2 per cent predicted in the February Review. Growth this year is therefore forecast to be the slowest since the 2009 recession, before picking up to 3.5 per cent in 2017.The growth downgrade is mainly due to disappointing performances in the United States and Japan. Among the emerging market economies, growth has been also been revised down for Brazil and Russia.A moderate strengthening of growth is forecast for 2017 and beyond, supported by accommodative monetary policies, lower oil prices and the gradual normalisation of conditions in stressed emerging market economies.

scholarly journals The World Economy

2018 ◽  
Vol 246 ◽  
pp. F3-F3
Keyword(s):  
Global Economy ◽  
World Economy ◽  
List Type ◽  
Medium Term ◽  
Advanced Economies ◽  
The World ◽  
Full Capacity ◽  
Near Term ◽  
Global Growth ◽  
Economic Outlook

The global economy is set to continue to grow at a pace of slightly below 4 per cent a year in the near term.Oil prices have risen further and with some advanced economies appearing to be operating at close to full capacity, there is a risk that inflation will increase. Our expectation is that any rise will be limited.US tariff increases and confrontational trade rhetoric are adding uncertainty to the global economic outlook, with a bias towards slower growth as a consequence.Without a recovery in productivity growth, the pace of economic expansion in the medium term will be slower than at present. Our medium term outlook is for global growth of around 3.5 per cent a year.

The World Economy: Forecast Summary

2016 ◽  
Vol 237 ◽  
pp. F2-F2
Keyword(s):  
Interest Rates ◽  
Federal Reserve ◽  
Financial Services ◽  
European Central Bank ◽  
World Economy ◽  
Banking System ◽  
List Type ◽  
European Central ◽  
The World ◽  
Single Rulebook

The world economy is expected to grow by 3.0 per cent in 2016, an unchanged forecast from the May Review. However, world growth in 2017 is revised down to 3.3 per cent from 3.5 per cent.A number of financial sector risks remain. Many large Euro Area banks are fragile, with the banking system in Italy particularly weak. This is likely to test the viability of the Single Rulebook covering financial services.Inflation is likely to be below target in the OECD economies in 2017. The European Central Bank (ECB) stands ready to ease monetary conditions while the Federal Reserve is likely to raise interest rates very gradually.

The World Economy: Consumer Spending and the Financial Crisis

2009 ◽  
Vol 210 ◽  
pp. 9-15
Author(s):  
Dawn Holland ◽  
Ray Barrell ◽  
Tatiana Fic ◽  
Ian Hurst ◽  
Iana Liadze ◽  
...  
Keyword(s):  
Interest Rates ◽  
World Economy ◽  
Government Debt ◽  
Banking Regulation ◽  
Debt Burden ◽  
The Past ◽  
Lehman Brothers ◽  
The World ◽  
To Come

The lack of adequate banking regulation by supervisors and flawed assessment of risk by financial institutions over the past several years has proved extremely costly. We estimate that the level of global output declined by a cumulative 2.4 per cent between the onset of the crisis triggered by the collapse of Lehman Brothers and the first quarter of 2009, with a decline of 4 per cent in the OECD economies over the same period. This is equivalent to a loss of roughly $850 billion relative to what was then considered potential output. We estimate that government debt levels in the OECD economies have risen by about 25 per cent in aggregate, entailing many years of higher tax burdens to come, a rise in long-term real interest rates and lower levels of income-generating wealth. The level of employment in the OECD economies declined by 2.2 per cent between the second quarter of 2008 and the second quarter of 2009, and we expect a further 2.5 million people will lose their jobs in the OECD economies by early 2010. While we expect growth to resume by the end of this year in most countries, the level of output in the OECD will remain permanently lower than was expected fifteen months ago. The degree of scarring in individual economies depends on the extent to which lenders underestimated risk before the crisis and the recent rise in the economy's government debt burden. This is discussed in greater detail in a note on pp. 36–8.

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