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The World Economy

Section I. Recent economic developments

Published online by Cambridge University Press:  26 March 2020

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Extract

Global economic activity has continued to strengthen significantly since the end of last year, with all the major regions experiencing cyclical upswings in economic activity for the first time since 1994. World GDP is expected to rise by over 4½ per cent this year (on a purchasing power parity basis) and the volume of merchandise trade is projected to rise by 10½ per cent, approximately twice the growth seen last year. In the industrialised economies growth is expected to turn out at 4 per cent this year, which would be the fastest experienced since 1988.

Type
Articles
Information
National Institute Economic Review , Volume 173 , July 2000 , pp. 43 - 65
Copyright
Copyright © 2000 National Institute of Economic and Social Research

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References

Notes

1 However in-house software will not be included, in contrast to the treatment in other countries such as the US, due to a lack of available statistical indicators. See The Recent Opinions on Japan's GDP Figures and Our Approach, issued by the Eco nomic Planning Agency in June 2000.

2 The national accounts data we use in the forecast are from the Deutsche Bundesbank and have been adjusted for sea sonal and calendar year effects.