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At a Glance…

The world economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

• Global growth prospects remain robust, with world GDP rising by 4.3 per cent in 2005 and 4.2 percent in 2006.

• We now expect oil prices to stay at around $48 a barrel for the rest of the decade, which will dampen global output growth.

• The burgeoning US current account deficit is increasing the risk of a further downward lurch in the dollar.

• Inflation in the US will accelerate to 3.8 per cent in 2006.

• Growth in the Euro Area will slow to 1.6 per cent in 2005.

• Japan will grow by only 0.9 per cent in 2005.

Type
Articles
Information
National Institute Economic Review , Volume 192 , April 2005 , pp. 2 - 3
Copyright
Copyright © 2005 National Institute of Economic and Social Research

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