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Published online by Cambridge University Press: 26 March 2020
• Global GDP will grow by 4.4 per cent a year in 2005 and 2006.
• Inflation in the OECD will rise from 1.7 per cent last year to 2.1 per cent in 2005, the highest since 2001.
• The United States will grow by 31/2 per cent a year in 2005 and 2006; inflation will rise to 3.2 per cent next year.
• Inflationary pressures will persist in the Euro Area despite weak growth of 1.3 per cent in 2005 and 1.9 per cent in 2006.
• Japan will grow by 21/2 per cent a year in 2005 and 2006, but prices will continue to fall.