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 2006
World Outlook: Global Economic Trends and Prospects: Autumn 2006
Global Economic Analysis
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- The world economy will expand by 2.8 per cent in 2007, following projected growth of 3.7 per cent this year.
- The correction in housing markets will result in a sharp decline in U.S. household spending.
- Latin American countries will be hurt next year by the anticipated slowdown in commodity price increases.
- China is very susceptible to a U.S. slowdown because it depends on the U.S. market for export growth.
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