AT a Glance … The World Economy

2013 ◽  
Vol 223 ◽  
pp. F2-F2
Keyword(s):  
Interest Rates ◽  
Euro Area ◽  
World Trade ◽  
World Economy ◽  
List Type ◽  
The Us ◽  
The World

World growth remains below trend at 3.3 per cent in 2013 and 3.7 per cent in 2013, little changed from our previous forecast.World trade will only grow slightly faster, and again below trend.The Euro Area will grow only slightly next year, while Japan is forecast to grow by 1.4 per cent, the US by 2.4 per cent, and China by 7.3 per cent.Interest rates will remain extremely low by historical standards, and inflationary pressures will remain subdued.

At a Glance…

2002 ◽  
Vol 180 ◽  
pp. 2-3
Keyword(s):  
North America ◽  
Interest Rates ◽  
Euro Area ◽  
World Trade ◽  
World Economy ◽  
Japanese Economy ◽  
Gdp Growth ◽  
List Type ◽  
The Us ◽  
The World

The world economy is starting to pick up speed again: by 2003, it will be growing by 3.7 per cent, with world trade expanding by 8.5 per cent a year.This will prompt rises in interest rates in North America and Europe.The US will grow by 2.4 per cent this year, double the rate of last year, rising to 3.5 per cent in 2003.Recovery in the euro area will be gradual, with GDP growth rising from 1.4 per cent in 2002 to 2.5 per cent in 2003.The Japanese economy will shrink by 1.2 per cent in 2002, and recovery in 2003 will be relatively modest, with GDP growth of 1.3 per cent.

At a Glance…

2010 ◽  
Vol 212 ◽  
pp. F2-F2
Keyword(s):  
Euro Area ◽  
World Trade ◽  
World Economy ◽  
Chinese Economy ◽  
List Type ◽  
Us Economy ◽  
The Us ◽  
The World

The world economy will expand by 3.9 per cent in 2010 and 3.8 per cent in 2011.World trade will increase by 9.6 per cent this year and 5.7 per cent in 2011.The Chinese economy will grow by 9.8 per cent in 2010 and 9 per cent next year.Japanese GDP will expand by 2 per cent this year and 1.5 per cent in 2011.The US economy will grow by 2.9 per cent in 2010 and 2.7 per cent next year.The Euro Area will expand by 1.2 per cent this year and 1.8 per cent in 2011.

At a Glance …

2010 ◽  
Vol 213 ◽  
pp. F2-F2
Keyword(s):  
Euro Area ◽  
World Trade ◽  
World Economy ◽  
Chinese Economy ◽  
List Type ◽  
Us Economy ◽  
The Us ◽  
The World

The world economy will expand by 5.0 per cent in 2010 and 4.4 per cent in 2011.World trade will increase by 14.2 per cent this year and 8.8 per cent in 2011.The Chinese economy will grow by 11.6 per cent in 2010 and 8.3 per cent next year.Japanese GDP will expand by 3.3 per cent this year and 1.1 per cent in 2011.The US economy will grow by 3.1 per cent in 2010 and 3.0 per cent next year.The Euro Area will expand by 1.3 per cent this year and 1.8 per cent in 2011.

The World Economy

2003 ◽  
Vol 185 ◽  
pp. 9-16
Keyword(s):  
Latin American ◽  
Euro Area ◽  
World Trade ◽  
World Economy ◽  
Oil Industry ◽  
Private Sector Investment ◽  
Percentage Points ◽  
The Us ◽  
The World ◽  
Dollar Depreciation

The outlook for world growth this year has deteriorated since April, due to a sharp contraction in world trade in the first quarter of the year and failure to sustain the revival in private sector investment seen in the fourth quarter of 2002. We have as a consequence revised our projections for world growth this year down by ¼ percentage point. This reflects sharp downward revisions of ½–¾ percentage points in the Euro Area and Canada, both of whose exchange rates have continued to appreciate in effective terms, while the outlook for the US and Japan is broadly unchanged. Growth in Japan and the Euro Area stagnated in the first half of 2003, with recessions in Germany, Italy, the Netherlands and Austria appearing likely. The US and Canada, on the other hand, continued to expand, albeit more slowly than in the second half of 2002. Following two years of exceptional weakness, Latin American growth has started to revive, although Venezuela is still suffering from the 2 month stoppage in the oil industry earlier this year and Argentina has lost competitiveness due to a strong appreciation against the dollar. Growth has slowed in several Asian economies, notably South Korea, but China continues to expand rapidly, spurred by the competitiveness impact of the dollar depreciation and infrastructure preparations for the 2008 Olympics. This has helped sustain export growth from the rest of Asia despite the more widespread slowdown in world trade.

At a Glance … The world economy

2012 ◽  
Vol 222 ◽  
pp. F2-F2
Keyword(s):  
Euro Area ◽  
World Economy ◽  
List Type ◽  
Advanced Economies ◽  
The Us ◽  
The World ◽  
Depression Era ◽  
The Impact ◽  
India And China

World growth is expected to remain below trend at 3.1 per cent in 2012 and 3.4 per cent in 2013.The Euro Area is forecast to contract by 0.5 per cent this year and grow only marginally next year with unemployment reaching ‘depression-era’ rates in some periphery economies. The US is likely to grow by 2 per cent in each year.Growth in Brazil, Russia, India and China will be below long-term potential next year, although ‘hard-landings’ will be avoided; the impact on advanced economies will be offset by a large gain in competitiveness.Debt to GDP ratios in OECD countries will, on average, be higher in 2014 than at present.

At A Glance…: The world economy

2006 ◽  
Vol 196 ◽  
pp. 2-3
Keyword(s):  
Interest Rates ◽  
Euro Area ◽  
Global Economy ◽  
World Economy ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Global Growth

• Global growth will remain rapid over the next two years, with world GDP rising by 4.8 per cent in 2006 and 4.5 per cent in 2007.• China's growing weight in the global economy is a key reason why interest rates have been unusually low.• The US economy will grow by 3.3 per cent this year and 2.9 per cent in 2007.• Japan will expand by 2.9 per cent in 2006 and 2.3 per cent next year.• The Euro Area will grow by 2.1 per cent this year and 2.0 per cent in 2007.

At a Glance…: The world economy

2015 ◽  
Vol 234 ◽  
pp. F2-F2
Keyword(s):  
Interest Rates ◽  
World Economy ◽  
Emerging Market ◽  
List Type ◽  
Monetary Policies ◽  
Advanced Economies ◽  
The Us ◽  
The World ◽  
Bank Of England ◽  
Global Growth

The world economy is expected to grow by 3.0 per cent in 2015, unchanged from our August forecast, and by 3.4 per cent in 2016, marginally weaker than projected last time. Growth in emerging market economies has weakened further; recoveries have remained hesitant in the advanced economies.The projected pickup in global growth next year will be supported by accommodative monetary policies and lower oil prices. Growth should strengthen further in 2017 as recoveries take hold in some key emerging markets. But considerable risks remain.We expect the US Federal Reserve to lead the turn in official interest rates in December, with the Bank of England following next February.

At a Glance …: The World Economy

2013 ◽  
Vol 224 ◽  
pp. F2-F2
Keyword(s):  
Euro Area ◽  
World Economy ◽  
List Type ◽  
The Us ◽  
The World ◽  
Depression Era ◽  
Developed World ◽  
Very High

The world economy will grow by 3.3 this year, and by 3.7 per cent in 2014: still below trend.In the developed world, divergence continues; the US will grow just over 2 per cent in each year, while the Euro Area remains in recession and will grow only about I per cent next year.Unemployment remains very high in most countries, and at depression-era rates in some peripheral Euro Area countries.

The world economy

1998 ◽  
Vol 166 ◽  
pp. 3-3
Keyword(s):  
Financial Markets ◽  
Interest Rates ◽  
World Economy ◽  
High Probability ◽  
Substantial Reduction ◽  
List Type ◽  
The Us ◽  
The World

•The most likely outlook for the world economy in 1999 is a marked slowdown, with growth slackening in the OECD from 2.4 to 1.8 per cent.•But there is also a high probability that further shocks to financial markets could induce a full blown recession in the US and a substantial reduction in European growth.•Sharp and swift cuts in interest rates are needed to avert this danger.•The ECB could cut rates by half a percentage point without compromising its inflation goals.

At a Glance…

2014 ◽  
Vol 230 ◽  
pp. F2-F2
Keyword(s):  
Monetary Policy ◽  
Financial Market ◽  
Euro Area ◽  
World Economy ◽  
Policy Response ◽  
List Type ◽  
The Us ◽  
The World ◽  
Market Turbulence

Following growth of 3.1 per cent in 2013, the world economy will grow by 3.3 per cent in 2014 and 3.5 per cent in 2015.The pace of recovery remains slow and uneven; much of the Euro Area in particular remains very depressed, and the policy response has so far been too little, too late.Key risks include the normalisation of monetary policy in the US, and the associated financial market turbulence; and worsening deflationary pressures in the Euro Area exacerbated by policy gridlock.

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