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 Highlight
- The world economy will post stronger growth in 2004 due to a rebound in U.S. economic activity.
- Weak growth in Germany and Japan will continue to drag down overall world growth this year.
- A rebound in economic activity in Brazil and Argentina will result in better economic prospects in Latin America.
- Strong export growth and rapid increases in government spending will help China record economic growth near 7 per cent in the near term.
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