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The World Economy

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  • Pain, Nigel
  • Ashworth, Paul
  • Holland, Dawn
  • Hubert, Florence
  • Willem te Velde, Dirk

Abstract

Global economic activity has continued to gain momentum in recent months and a cyclical upturn is now clearly underway. The rate of growth of world GDP is projected to rise to just under 4¼ per cent this year, from an estimated outturn of 3.4 per cent last year. Growth is expected to accelerate in all the major regional markets for the first time since 1994. The improving economic prospects are already apparent in the trade statistics for the latter part of last year. World trade growth, measured in terms of merchandise trade volumes, is expected to rise by 9 per cent this year from 5½ per cent in 1999.

Suggested Citation

  • Pain, Nigel & Ashworth, Paul & Holland, Dawn & Hubert, Florence & Willem te Velde, Dirk, 2000. "The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 172, pages 33-61, April.
  • Handle: RePEc:cup:nierev:v:172:y:2000:i::p:33-61_6
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    Cited by:

    1. J nos Kollo, 2013. "Patterns of Integration: Low Educated People and their Jobs in Norway, Italy and Hungary," Budapest Working Papers on the Labour Market 1315, Institute of Economics, Centre for Economic and Regional Studies.
    2. Studer, Roman, 2008. "India and the Great Divergence: Assessing the Efficiency of Grain Markets in Eighteenth- and Nineteenth-Century India," The Journal of Economic History, Cambridge University Press, vol. 68(2), pages 393-437, June.
    3. Köllő, János, 2013. "Patterns of Integration: Low Educated People and their Jobs in Norway, Italy and Hungary," IZA Discussion Papers 7632, Institute of Labor Economics (IZA).
    4. José M. Albert & Marta R. Casanova & Jorge Mateu & Vicente Orts, 2013. "Distance-Based Methods: An improvement of Ripley’s K function vs. the K density function," Working Papers 2013/07, Economics Department, Universitat Jaume I, Castellón (Spain).
    5. Sourafel Girma & Anja Shortland, 2005. "The Political Economy of Financial Liberalisation," Discussion Papers in Economics 05/12, Division of Economics, School of Business, University of Leicester, revised Oct 2005.
    6. Palmer, Edward, 2001. "The New Swedish Pension System," Discussion Paper 36, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    7. Geomina Turlea & Cezar Mereuta, 2002. "Markets and networks in Romania - life after disorganisation," UCL SSEES Economics and Business working paper series 15, UCL School of Slavonic and East European Studies (SSEES).

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