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At a Glance …

The World Economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • Concurrent slowdown in every major economic region: world growth to slow to 3.3 per cent this year and 3.7 per cent next year.

  • All major countries opt for the same policies of near zero interest rates and fiscal tightening.

  • European countries face remarkably divergent growth paths next year: Germany above trend growth and Southern Europe in deep recession. Tensions will heighten further.

  • World demand below potential output growth means rising unemployment — in some countries even higher than seen in the Great Depression.

Type
Other
Information
National Institute Economic Review , Volume 221 , July 2012 , pp. F2
Copyright
Copyright © 2012 National Institute of Economic and Social Research

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