This quarterly examination of the short-term economic outlook for the world’s major economies also contains an in-depth analysis of a number of issues that are relevant for understanding world economic trends and developments.
World Outlook: Global Economic Trends and Prospects: Autumn 2005
World Outlook: Global Economic Trends and Prospects: Autumn 2005
Global Economic Analysis
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- High growth in China and India as well as solid growth in the United States will result in world real GDPexpanding by 3 per cent in 2006.
- The German economy will continue to stagnate due, in part, to stalled labour market reform, a result of the uncertainty created by the recent election.
- Economic prospects in Japan are improving in line with waning deflation and the re-election of the reformminded Koizumi.
- The U.S. current account deficit will continue to increase in the short term due to high energy prices.
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