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: Summer 2009
World Outlook: Global Economic Trends and Prospects: Summer 2009
Global Economic Analysis
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- The global economy will decline by 2.6 per cent this year before rebounding with 2 per cent growth in 2010.
- The sluggish recovery is attributable to a weak recovery in U.S. consumer spending over the near term.
- Asia-Pacific will be the first region to emerge from the global recession.
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