scholarly journals The World Economy: Forecast Summary

2019 ◽  
Vol 250 ◽  
pp. F3-F3
Keyword(s):  
Economic Growth ◽  
Industrial Production ◽  
World Economy ◽  
Service Sector ◽  
Central Banks ◽  
Gdp Growth ◽  
Negative Effects ◽  
Trade Show ◽  
The World ◽  
Production Activity

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.

Energy constraints on economic growth

2020 ◽  
pp. 8-17
Author(s):  
V. Tsibulskiy
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Energy Consumption ◽  
World Economy ◽  
Gdp Growth ◽  
Domestic Economy ◽  
Russian Economy ◽  
Gdp Growth Rate ◽  
The World ◽  
The Relationship

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.

At a Glance …

2007 ◽  
Vol 199 ◽  
pp. 2-3
Keyword(s):  
Economic Growth ◽  
Euro Area ◽  
World Economy ◽  
Gdp Growth ◽  
Supply Side ◽  
List Type ◽  
The World

•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.

The World Economy

2019 ◽  
Vol 247 ◽  
pp. F3-F3
Keyword(s):  
World Economy ◽  
Growth Cycle ◽  
Central Banks ◽  
Gdp Growth ◽  
List Type ◽  
Trade Disputes ◽  
Advanced Economies ◽  
The World ◽  
Global Growth ◽  
Economic Outlook

Recent data suggests that the global growth cycle has probably peaked. We forecast world GDP growth of around 3.5 per cent a year over the next two years.On that basis, the second decade of the 21st century will have seen sustained global GDP growth.Tariff increases and trade disputes seem likely to act as a drag on the global economic outlook, with a bias towards slower growth as a consequence.Despite faster wage growth in advanced economies, the recent fall in oil prices has reduced the risks of inflation overshooting targets. We expect central banks to reduce monetary accommodation very gradually.

Chapter III. The World Economy

1981 ◽  
Vol 95 ◽  
pp. 46-68
Keyword(s):  
Industrial Production ◽  
World Economy ◽  
Major Part ◽  
Slow Growth ◽  
Balance Of Payments ◽  
Gdp Growth ◽  
Average Price ◽  
Consumer Prices ◽  
The World ◽  
Developed World

We said last February that 1980 would be a year of slow growth, rapid inflation and massive balance of payments deficit for most of the developed world. OECD countries' industrial production, which actually showed a marginal fall, was even lower than we expected. But their aggregate GDP growth of around 1¼ per cent seems to have been almost exactly in line with our prediction, as does their current balance of payments deficit of a little over $70 billion, while the rise of 13 per cent in their consumer prices was slightly greater than we forecast. The rise in the average price of oil ('of the order of at least 60 per cent' in our forecasts, 68 per cent in actuality) played a major part in these developments.

The World Economy

2017 ◽  
Vol 241 ◽  
pp. F3-F3
Keyword(s):  
Euro Area ◽  
Economic Performance ◽  
World Economy ◽  
Central Banks ◽  
Gdp Growth ◽  
Political Uncertainty ◽  
Medium Term ◽  
Advanced Economies ◽  
The World ◽  
Economic Imbalances

Forecast for world GDP growth in 2017 has been revised up to 3.6 per cent, which would be the fastest growth in six years. Growth projections for 2018 and the medium term are unchanged, at 3.6 and 3.4 per cent, respectively. Inflation forecast has nevertheless generally been revised down slightly.In the Euro Area, stronger economic performance, together with reduced political uncertainty, provides an opportunity for action to complete the monetary union and reduce economic imbalances.To avoid jeopardising the recovery, central banks in the advanced economies will have to manage policy normalisation with particular caution.

scholarly journals Coronavirus Crisis or a New Stage of the Global Crisis of Capitalism?

2020 ◽  
Vol 9 (3) ◽  
pp. 356-367
Author(s):  
Arturo Guillén
Keyword(s):  
Economic Growth ◽  
Real Estate ◽  
World Economy ◽  
Central Banks ◽  
Quantitative Easing ◽  
Secular Stagnation ◽  
Real Estate Markets ◽  
The Great Depression ◽  
The World ◽  
Depth And Complexity

The emergence and spread of the COVID-19 pandemic have triggered a major economic crisis. Its depth and complexity resemble the Great Depression of the 1930s. This article argues that the pandemic has brought to the surface a set of contradictions that were present in the world economy, such as the trend to secular stagnation, as well as deflation and deglobalization of economies. Before the virus emerged, capitalism maintained a situation of precarious and fragile economic growth, combined with unstoppable speculation in the financial and real estate markets. The economies were and are sustained by the ‘artificial lung’ of the central banks that inject liquidity into the system through programs of quantitative easing of cheap and easy money. The course of the current recession is still very uncertain, but there is no doubt that it will be very deep and that a V-shaped recovery is unrealistic.

Actual Problems of Economic Policy

2003 ◽  
pp. 23-38 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Foreign Exchange ◽  
World Economy ◽  
Domestic Economy ◽  
The World ◽  
Exchange Policy ◽  
Effective Integration

At present Russia faces the task of great importance - effective integration into the world economy. The success of this process largely depends on the strength of the domestic economy and stable economic growth. To attain such a goal certain changes in economic approaches are required which imply more active, focused and concerted steps in the monetary, fiscal and foreign exchange policy.

Growing Russian Economy against Growing External Tension

2012 ◽  
pp. 4-32
Author(s):  
I. Borisova ◽  
B. Zamaraev ◽  
A. Kiyutsevskaya ◽  
A. Nazarova ◽  
E. Sukhanov
Keyword(s):  
Economic Growth ◽  
Stock Markets ◽  
Negative Effects ◽  
Russian Economy ◽  
Investment Demand ◽  
The World

Conditions and features of the Russian economy development in 2011 are considered in the article. Having caused unprecedented outflow of the capital abroad, rising tension and turbulence on the world financial and stock markets have not broken off recovery of the Russian economy. Crisis recession was overcome. Record-breaking low inflation, rapid credit restoration and active government adjustment neutralized negative effects of the external tension and supported economic growth, having encouraged consumer and investment demand.

Kazakhstan’s Economic Growth in the Context of the World Economy

2006 ◽  
pp. 133-146 ◽  
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
World Economy ◽  
World Ocean ◽  
Direct Access ◽  
Crude Petroleum ◽  
Nation States ◽  
The World ◽  
The Relationship

Kazakhstan’s economic policy results in 1995-2005 are considered in the article. In particular, the analysis of the relationship between economic growth and some indicators of nation states - population, territory, direct access to the World Ocean, and extraction of crude petroleum - is presented. Basic problems in the sphere of economic policy in Kazakhstan are formulated.

The world and Russia: Inflation is minimal, economic growth is slowing, risks are rising

2019 ◽  
pp. 5-23 ◽  
Author(s):  
Mikhail V. Ershov ◽  
Anna S. Tanasova
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
World Economy ◽  
Domestic Demand ◽  
New Combination ◽  
Russian Economy ◽  
The World ◽  
World Economic ◽  
Money Creation ◽  
Main Factors

Russian economy has reached the low level of inflation, but economic growth has not accelerated. Moreover, according to official forecasts, in the following years it will still be low. The article concludes that domestic demand, which is one of the main factors of growth, is significantly constrained by monetary, budgetary and fiscal spheres. The situation in the Russian economy is still hampered by the decline of the world economic growth. The prospects of financial markets are highly uncertain. This increases the possibility of crisis in the world. Leading countries widely use non-traditional measures to support their economies in the similar environment. In the world economy as well as in Russia a principally new combination of factors has emerged, which create specific features of economic growth. It requires special set of measures to stimulate such growth. The article proves that Russian regulators have large unused potential to stimulate growth. It includes monetization, long-money creation, budget and tax stimuli. It is important that the instruments, which will be used, should be based on domestic mechanisms. This will strengthen financial basis of the economy and may encourage economic growth. Some specific suggestions as to their use are made.

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