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 2008
World Outlook: Global Economic Trends and Prospects: Autumn 2008
Global Economic Analysis
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- A number of developed countries are close to recession, and below-trend growth is anticipated at least through 2009 given the current state of financial markets.
- With global demand in a slump, inflationary pressures from food and fuel will moderate somewhat.
- The outlook for Europe has deteriorated as more economies there succumb to the global credit crunch.
- After more than a year of global financial turbulence, a number of Asia-Pacific economies have slowed sharply, and some are even close to recessionary conditions.
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