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
- Weaker economic growth in the United States this year will result in a slowdown in world economic activity.
- Declining export growth will weaken the expansion of the economy in Japan in 2005.
- Higher oil production in both OPEC and non-OPEC countries will ease prices as the year unfolds.
- Germany will continue to drag down overall growth in Europe this year.
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