IDEAS home Printed from https://ideas.repec.org/a/iem/conjun/y2016p1-3.html
   My bibliography  Save this article

World economy evolution

Author

Listed:
  • Cornel Albu
  • Alexandru Tănase

Abstract

The year 2015 has been marked by a slowdown in the global economy, the pace of increase in GDP reached 3.1%, lower than in the previous year (3.4%). Across the developed countries, the economic growth was 1.9%, while the United States (2.4%), Japan (0.5 %%) and Canada (1.2%). The European Union has experienced an increase in economic growth of 2.0% compared to 1.4% in 2014, caused mainly by the favorable evolution of the Eurozone (1.6% versus 0.9% in 2014). A slightly higher growth but without reaching the superior performance of previous years was recorded in emerging and developing countries, noting China, whose economy grew by 6.9% in 2015, compared with 7.3 % in 2014 and India, which exceeded China's economic growth, 7.3%, compared with 7.2% in 2014. The International Monetary Fund forecasts of global economic growth estimate the increase of world GDP in 2016 to reach 3.2% and for 2017 is forecast at 3.5%. Growth in world trade has remained, in 2015, for the 4th consecutive year below 3%, and in 2016 is expected to reach the same pace as in 2014 and 2015, respectively 2.8%. WTO experts predict that only in 2017 the volume of trade will increase by over 3%, with a forecast of 3.6%.

Suggested Citation

  • Cornel Albu & Alexandru Tănase, 2016. "World economy evolution," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy, pages 1-3.
    • Handle: RePEc:iem:conjun:y:2016:p:1-3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iem:conjun:y:2016:p:1-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ionela Baltatescu (email available below). General contact details of provider: https://edirc.repec.org/data/imacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.