World Outlook: Global Economic Trends and Prospects: Summer 2002

International issues that have an impact on Canadian organizations are highlighted in this quarterly publication.

Document Highlights 

The global economy remains on the recovery track and, barring any further geopolitical or economic shocks, real growth of close to 2 per cent is anticipated this year, up from meagre growth of 1.1 per cent in 2001.

Highlights of this issue include:

• The world economy will expand by 2 per cent this year and 3 per cent in 2003.
• So-called commodity currencies, like those of Australia and Canada will benefit from a modest short-term depreciation of the U.S. dollar.
• The weak state of the German economy will constrain economic growth in Europe.
• With high debt levels, the Japanese economy will continue to have negative economic prospects.