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The world economy
Published online by Cambridge University Press: 26 March 2020
• Global GDP will rise by 5.0 per cent in 2007 and by 4.8 per cent in 2008.
• Chinese GDP growth will remain around 10 per cent a year in 2007 ard 2008.
• The US economy will expand by 2.6 per cent a year in 2007 and 2008.
• The Euro Area will grow by 2.5 per cent in 2007 and 2.3 per cent in 2008; consumer-price inflation will be fall to 1.8
• The Euro Area fiscal deficit will narrow to 1.2 per cent of GDP in 2007, down from 3.1 per cent in 2003.
• Japan will grow by 2.3 per cent in 2007 and 2.4 per cent in 2008.
• Housing investment growth propects are a risk to this forecast, with Spain and the US being the most vulnerable.