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At a Glance…

The world economy

Published online by Cambridge University Press:  26 March 2020

Abstract

  • The sharp fall in equity markets will dampen economic growth next year: global output is forecast to increase by 3.4 per cent in 2003.

  • Lower stock market wealth means that the United States will grow by 2.9 per cent next year, 0.6 per cent less than our previous forecast.

  • The euro area will grow by only 1.2 per cent this year, more slowly than in 2001.

  • The Japanese economy will shrink by 0.1 per cent this year, a better performance than previously expected. However, output will only grow by 0.7 per cent in 2003.

Type
Articles
Copyright
Copyright © 2002 National Institute of Economic and Social Research

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