The world economy

1998 ◽  
Vol 166 ◽  
pp. 3-3
Keyword(s):  
Financial Markets ◽  
Interest Rates ◽  
World Economy ◽  
High Probability ◽  
Substantial Reduction ◽  
List Type ◽  
The Us ◽  
The World

•The most likely outlook for the world economy in 1999 is a marked slowdown, with growth slackening in the OECD from 2.4 to 1.8 per cent.•But there is also a high probability that further shocks to financial markets could induce a full blown recession in the US and a substantial reduction in European growth.•Sharp and swift cuts in interest rates are needed to avert this danger.•The ECB could cut rates by half a percentage point without compromising its inflation goals.

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…

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.

Chapter II. The World Economy

1986 ◽  
Vol 117 ◽  
pp. 20-29
Keyword(s):  
Interest Rates ◽  
World Economy ◽  
Oil Prices ◽  
Final Demand ◽  
Total Output ◽  
Cold Winter ◽  
The Us ◽  
The World ◽  
Initial Effect ◽  
Small Rise

Fuller data confirm the impression which we formed in May that OECD countries' total output did not change much in the first quarter. It probably increased by about ¼ per cent, with even this small rise attributable wholly to stock movements in the US. Final demand in the US fell and there were declines in total output in a number of countries, including Japan, Germany, Australia, the Netherlands, Switzerland and possibly Italy (for which there are conflicting estimates), white France achieved only marginal growth. The fall was notably severe in Germany, where construction suffered badly in the cold winter. This probably had a wider impact also, and, in North America at least, the initial effect of the slump in oil prices seems to have been depressive, with drilling activity sharply reduced, especially in the US. There may also have been a tendency for expenditure, perhaps on investment in particular, to be deferred in the expectation of falling prices and interest rates.

At a Glance… The World Economy

2014 ◽  
Vol 229 ◽  
pp. F2-F2
Keyword(s):  
Monetary Policy ◽  
Financial Markets ◽  
Euro Area ◽  
World Economy ◽  
Financial System ◽  
List Type ◽  
Real Activity ◽  
The World

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.

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.

Firmer forecasts for 2020 world growth are unrealistic

2019 ◽  
Keyword(s):  
Emerging Markets ◽  
Financial Markets ◽  
World Economy ◽  
Content Type ◽  
Steady Growth ◽  
The Us ◽  
The World ◽  
Bank Of Japan

Significance Trade activity has been sharply downgraded: five years ago, the Fund expected 5.6% trade volumes growth this year. Now it sees 1.1%, one-third of the pace it forecast in April. The dichotomy between the Fund describing the recovery as “precarious”, and nonetheless predicting strong or steady growth for 2020, suggests that it perhaps has more faith in the precariousness than in the 2020-21 estimates. Impacts Growth is slowing in 90% of the world economy; this will rise if emerging markets such as Turkey and Iran suffer a double-dip recession. Targeting 2% inflation is becoming inappropriate for the ECB, the Bank of Japan and even the US Fed; thus, monetary innovation is likely. Financial markets focus on tariffs and the chances of a US-China deal, but this is misleading as non-tariff barriers are much larger.

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

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.

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