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Published online by Cambridge University Press: 26 March 2020
• 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.