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 2007
World Outlook: Global Economic Trends and Prospects: Autumn 2007
Global Economic Analysis
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- The world economy will survive the current turmoil in financial markets and expand by 3.5 per cent in 2008.
- The ongoing woes in U.S. housing markets will result in weaker real GDP growth of 2.3 per cent in 2008.
- The emergence of India and China implies that the world economy has become less dependent upon the ups and downs of the U.S. business cycle.
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