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
- Spurred on by strong growth in the United States and China, the world economy is set to expand by 4 per cent this year.
- In the United States, rapidly expanding demand and output combined with a long-awaited labour market revival will result in strong real GDP growth of 4.4 per cent this year.
- South America’s positive outlook is due to strength in two of the region’s largest economies, Brazil and Argentina.
- With the exception of employment, real economic activity is on the increase in Europe.
- Real GDP growth of 4.4 per cent is anticipated for the Asia–Pacific region this year.
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