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The Evolution of World Economy Outlook, OECD and European Union

Author

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  • Cornel Albu

Abstract

In 2013, the global economy has continued the modest growth of recent years, with 1 percentage point below the 2000-2007 period and about 0,75 percentage point below the average of the 15 years prior to financial crisis. Within advanced economies group, growth was stronger in the United States (2,2%), Canada (2,0%), the United Kingdom (1,7%) and Japan (1,6%). OECD Report forecasts a moderate improvement in global growth over the next two years, marked with divergence across the major economies and large risks and vulnerabilities.

Suggested Citation

  • Cornel Albu, 2014. "The Evolution of World Economy Outlook, OECD and European Union," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2014:id:2822000009586095
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