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: Summer 2012
World Outlook: Summer 2012
Global Economic Analysis
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- The world economy will expand by only 2.6 per cent this year and 3 per cent in 2013.
- Growth in the global economy will be restrained by recessionary conditions in Europe and sluggish growth in the U.S. economy.
- Economic growth in the Asia-Pacific region will slow down over the near term due, in part, to weaker export demand from Europe.
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