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.
Document Highlights
The world economy will post stronger growth in 2004 due to a rebound in U.S. economic activity.
Weak growth in Germany and Japan will continue to drag down overall world growth next year.
A rebound in economic activity in Brazil and Argentina will result in better economic prospects in Latin America.
China will record economic growth in the 7 per cent range in the near term due to strong export growth and rapid increases in government spending.
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