IDEAS home Printed from https://ideas.repec.org/a/khe/journl/v1y2009i2p62-71.html
   My bibliography  Save this article

Signs of Moderate Recovery in the World Economy

Author

Listed:
  • Octavian-Liviu Olaru
  • Constanta-Aurelia Chitiba
  • Livia –Irina Olaru

    () ("Dimitrie Cantemir" Christian University)

Abstract

The recession in the OECD area is projected to bottom out in the second half of 2009, a slow recovery in activity being projected to start towards the end of 2009, upturn trend which will gradually gather strength in 2009. There are, however, signs that the severity of the downturn is moderating, the actual prognoses indicating like possible for 2009 a growth of 0.7% in GDP at the level of OECD countries. A recovery already appears to be in motion in most large non-OECD countries, especially in China, Brazil, Russian Federation and India. In line with the world economy trend, the collapse in world trade in goods and services observed in the last quarter of 2008 intensified in the first quarter of 2009, but the trough in growth rates has likely been reached; positive quarterly growth rates are expected by the end of 2009.

Suggested Citation

  • Octavian-Liviu Olaru & Constanta-Aurelia Chitiba & Livia –Irina Olaru, 2009. "Signs of Moderate Recovery in the World Economy," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 1(2), pages 62-71, June.
  • Handle: RePEc:khe:journl:v:1:y:2009:i:2:p:62-71
    as

    Download full text from publisher

    File URL: http://orizonturi.ucdc.ro/arhiva/2009_khe_2_pdf/khe_vol_1_iss_2_62to71.pdf
    Download Restriction: no

    File URL: http://orizonturi.ucdc.ro/arhiva/2009_khe_2_pdf/khe_vol_1_iss_2_62to71.pdf
    Download Restriction: no

    More about this item

    Keywords

    World economy; recession; recovery; stimulus measures;

    JEL classification:

    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

    Statistics

    Access and download statistics

    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:khe:journl:v:1:y:2009:i:2:p:62-71. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adi Sava). General contact details of provider: http://edirc.repec.org/data/ffucdro.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.