The World Economy

1995 ◽  
Vol 154 ◽  
pp. 27-52
Author(s):  
Ray Barrell ◽  
Nigel Pain ◽  
Julian Morgan

Indications from the first half of the year suggested that the present cyclical expansion was starting to slow in much of the OECD. The pace of activity moderated particularly sharply in North America. Canadian GDP fell slightly in the second quarter of the year and inventory levels rose considerably. Trade growth was also lower than expected, although this partially reflected the regional impact of recent developments in Mexico. Within Europe, GDP growth slowed in the UK, France and Italy, although growth proved unexpectedly robust in a number of the smaller economies, particularly Ireland, Sweden and Finland. Output also continued to grow sharply in Australia and South East Asia.

2005 ◽  
Vol 193 ◽  
pp. 11-32

World growth accelerated to its fastest pace in 28 years in 2004, reaching 5.1 per cent. Global growth well above trend reflected strong domestic demand in the US, France, the UK, Canada and Spain, as well as oil exporting nations such as Russia, Mexico and Opec members. Japan and China also benefited from a strong boost to net trade, with world trade growth rising to 9.1 per cent following 3 years of sub—trend growth. GDP Growth in both the US and Japan rose well above recent trends last year, while the UK and Canada also performed relatively well. We also saw a strong acceleration in South America and Africa. The Euro Area remained weak relative to the other major economies, but nonetheless GDP growth accelerated by a full percentage point relative to 2003, to 1.7 per cent.


1983 ◽  
Vol 106 ◽  
pp. 26-38

The recovery in the OECD area gathered pace in the second quarter, when its total GDP probably increased by as much as 1 per cent. The rise was, however, heavily concentrated in North America and particularly the US. There may well have been a slight fall in Western Europe, where the level of industrial production hardly changed and increases in gross product in West Germany and, to a minor extent, in France were outweighed by falls in Italy and (according to the expenditure measure) the UK.


Author(s):  
Stephen Jackson ◽  
Peter Schouten

The world's gliding mammals are an extraordinary group of animals that have the ability to glide from tree to tree with seemingly effortless grace. There are more than 60 species of gliding mammals including the flying squirrels from Asia, Europe and North America, the scaly-tailed flying squirrels from central Africa and the gliding possums of Australia and New Guinea. But the most spectacular of all are the colugos – or so called flying lemurs – that occur throughout South-East Asia and the Philippines. Animals that glide from tree to tree descend at an angle of less than 45 degrees to the horizontal, while those that parachute descend at an angle greater than 45 degrees. Gliding is achieved by deflecting air flowing past well-developed gliding membranes, or patagia, which form an effective airfoil that allows the animal to travel the greatest possible horizontal distance with the least loss in height. The flying squirrels and scaly-tailed flying squirrels even have special cartilaginous spurs that extend either from the wrist or elbow, respectively, to help support the gliding membrane. Gliding Mammals of the World provides, for the first time, a synthesis of all that is known about the biology of these intriguing mammals. It includes a brief description of each species, together with a distribution map and a beautiful full-colour painting. An introduction outlines the origins and biogeography of each group of gliding mammals and examines the incredible adaptations that allow them to launch themselves and glide from tree to tree.


1992 ◽  
Vol 65 (3) ◽  
pp. 427
Author(s):  
T. G. McGee ◽  
Chris Dixon

1995 ◽  
Vol 153 ◽  
pp. 30-58
Author(s):  
Ray Barrell ◽  
Nigel Pain ◽  
Julian Morgan

The early part of 1995 saw considerable turbulence in the foreign exchange markets, resulting in significant currency realignments. Relative exchange-rate patterns have not changed very much in the last three months, and the effects of the real exchange-rate realignment are beginning to be felt, with growth slowing in those countries whose currencies appreciated, and inflationary pressures building up in some of the countries that depreciated. In addition to the destabilising effects of the realignment, signs are beginning to emerge that growth is slowing of its own accord throughout the OECD, particularly in North America. The recovery also appears to have become somewhat more hesitant than we had anticipated in Germany and the UK, although other European countries are continuing to expand at above trend rates. The fragility of the Japanese financial system has been clear for some time, but the potential scale of bad debts is only now becoming known, and this appears to be having a deleterious effect on both financial and consumer confidence.


10.12737/1732 ◽  
2013 ◽  
Vol 1 (5) ◽  
pp. 3-9 ◽  
Author(s):  
Басовский ◽  
Leonid Basovskiy ◽  
Басовская ◽  
Elena Basovskaya

The method of determination of turning points of economic development and evaluation of economic dynamics. The turning points of economic development proposed to diagnose on anomalous dispersion rates of economic growth. Type the economic dynamics of the country invited to be determined by comparing the average rate of economic growth and the growth of the world economy. The risk of instability of economic dynamics are encouraged to estimate indicator, reflecting the relative variation in the pace of economic growth in comparison with the variation of the growth rate of the world economy. To determine the prospects for economic development in South-East Asia investigated the economic dynamics of Burma (Myanmar), Brunei, Vietnam, Cambodia (Kampuchea), Indonesia, Laos, Malaysia, Singapore, Thailand and the Philippines. It is established that the countries of Southeast Asia except Brunei is developing at an accelerated pace. Rates of growth of economy of these countries exceed the growth rate of the world economy. South-East Asia countries except Brunei are developing steadily. Stability and development of Vietnam and Laos exceed the level of stability of development of the world economy. Therefore, in South-East Asia should be considered to be preferable business and trade partners of Vietnam and Laos.


1999 ◽  
Vol 167 ◽  
pp. 35-40 ◽  
Author(s):  
Nigel Pain

The world economy continues to face strong deflationary pressures at the present time. Whilst growth has remained above trend levels in North America, the Japanese economy has sunk further into recession, and there are increasing signs of an economic slowdown in Europe. Overall we expect GDP growth in the OECD economies to slow to around 1.8 per cent this year, from an estimated 2.4 per cent in 1998. Global demand as a whole remains relatively weak, with the growth in the volume of world merchandise trade estimated to have halved last year to around 5 per cent and projected to fall further to between 4-4½ per cent this year. Trade in Asia is estimated to have declined by 7½ per cent last year, with potentially serious consequences for growth prospects in economies such as China, Hong Kong and Singapore that have become increasingly affected by the regional economic downturn.


2002 ◽  
Vol 180 ◽  
pp. 2-3

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.


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