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The world economy
Published online by Cambridge University Press: 26 March 2020
• The world economy will continue to expand vigorously, growing by 5.0 per cent in 2007 and by 4.8 per cent in 2008.
• Americani GDP growth will slow to 2.9 per cent in 2007 ard 2.5 per cent in 2008.
• Economic growth in the Euro Area will slow to 2.2 per cent in 2007 and 2. per cent in 2008.
• Japanese growth will pick up to 2.4 per cent in 2007 and 2.5 per cent in 2008.
• Both the Euro Area and Japan will perform better in the second half of the decade than in the first half because of supply-side impr-ovements.