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AT a Glance …

The World Economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • Our baseline forecast is for global growth of 3.5 per cent in 2012. Growth will accelerate to 4 per cent in 2013, representing a downward revision of about 1/2 percentage point in each year compared to our last forecast.

  • This assumes a delayed but ultimately successful resolution of the Euro Area crisis. Nevertheless, we expect a mild recession in the Euro Area as a whole, as well as in the UK.

  • We forecast growth of about 2 per cent in the US this year, while China and India, although slowing, will continue to drive world growth.

Type
Other
Information
National Institute Economic Review , Volume 219 , January 2012 , pp. F2
Copyright
Copyright © 2012 National Institute of Economic and Social Research

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