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At a Glance … The World Economy

Published online by Cambridge University Press:  01 January 2020

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Abstract

  • World economy will grow by 3.7 per cent in 2014 and 2015; an improvement on the 3.1 per cent last year, but still a sluggish recovery by historical standards.

  • Growth prospects have improved in advanced economies, particularly in the US, but have deteriorated in a number of emerging market economies.

  • High unemployment rates coupled with moderate and uneven growth raises the spectre of unexpectedly low inflation. This could greatly complicate macroeconomic policymaking.

Type
Forecast Overview
Information
National Institute Economic Review , Volume 227 , February 2014 , pp. F2
Copyright
Copyright © 2014 National Institute of Economic and Social Research

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