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At a Glance … The world economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • 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.

Type
Forecast Overview
Information
National Institute Economic Review , Volume 222 , October 2012 , pp. F2
Copyright
Copyright © 2012 National Institute of Economic and Social Research

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