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The world economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • • Strong Asian growth is boosting the recovery in the world economy, with global GDP now forecast to increase in 2000 by 4.6 per cent, the highest since 1996.

  • • Inflationary pressures in the US will prompt the US Fed to raise interest rates a further three- quarter points by the end of the year.

  • • Inflation in the Euro Area will remain above 2 per cent in 2000 and 200I, and this will lead to a further rise in interest rates of half a percentage point by the end of the year.

  • • The robust Asian recovery is stimulating the Japanese economy which is now expected to grow by almost 2 per cent in 2000.

Type
Articles
Information
National Institute Economic Review , Volume 173 , July 2000 , pp. 3
Copyright
Copyright © 2000 National Institute of Economic and Social Research

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