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The World Economy

World Economic Prospects and the Risks from Oil Prices

Published online by Cambridge University Press:  26 March 2020

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Growth in the world economy looks robust, with growth averaging over 4 per cent a year in the last 2 years and in the first two years of our forecast. Strong demand in North America is a major factor behind this growth, and it has been associated with increasing current account deficits for the US, as we can see in Chart 1. The emerging imbalances that this strong growth has produced present a major risk to the world economy as they may induce major realignments of exchange rates. We analyse the implications of a major shift in the risk premium on the dollar in Al-Eyd, Barrell and Pomerantz in this Review.

Type
Articles
Information
National Institute Economic Review , Volume 192 , April 2005 , pp. 11 - 32
Copyright
Copyright © 2005 National Institute of Economic and Social Research

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References

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