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 2009
World Outlook: Global Economic Trends and Prospects: Autumn 2009
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- World real GDP growth will expand by 2.6 per cent in 2010 in the wake of a 2.3 per cent contraction in 2009.
- The main impetus behind the global recovery has come from Asia where the Chinese economy has been accelerating at a brisk pace following a brief slump in the early part of the year.
- Numbers are expected to show growth has resumed in Canada and the United States.
- There was some positive economic news from Europe where both France and Germany posted a surprising increase in real GDP in the second quarter of this year.
- Compared with other parts of the world, Latin America has emerged from the severe global recession in fairly good shape.
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