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At a Glance…: The World Economy

Published online by Cambridge University Press:  01 January 2020

Abstract

  • The world economy will grow by 3.0 per cent in 2015 – the slowest rate since the crisis – and 3.5 per cent in 2016.

  • Emerging market economies have slowed, while recoveries remain hesitant in most developed countries.

  • Growth may be boosted by delayed effects of lower oil prices, as well as by accommodative monetary policy and slower fiscal consolidation, but considerable risks remain.

  • We still expect the US Federal Reserve to lead the turn in official policy rates in September, with the Bank of England following in February 2016.

Type
Forecast Overview
Copyright
Copyright © 2015 National Institute of Economic and Social Research

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