IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Recovery in Industrialised Countries, Strong Acceleration of Growth in the Other Groups of Countries. Medium-term Projection for the World Economy until 2008

  • Stephan Schulmeister

    (WIFO)

The medium-term growth rate of the world economy is set to rise markedly. Between 2003 and 2008 world GDP is expected to expand on average by 4.0 percent per year, and world trade to increase by 6.1 percent per year. The highest growth rate should be achieved by the non-oil developing countries (+5.6 percent), followed by the former planned economies (+4.7 percent) and the oil-exporting developing countries (+3.9 percent). With an output increase of 2.5 percent p.a. the industrialised countries are projected to do only marginally better than during the period between 1997 and 2003. In the USA the economy will continue to grow faster than in the enlarged EU (+2.9 percent as compared to +2.3 percent). Within the EU, the best economic performance is expected by the accession countries (+3.5 percent), while Germany will continue to lag behind (+1.8 percent).

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.wifo.ac.at/wwa/pubid/25021
File Function: Abstract
Download Restriction: Payment required

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by WIFO in its journal Quarterly.

Volume (Year): 9 (2004)
Issue (Month): 1 (April)
Pages: 34-42

as
in new window

Handle: RePEc:wfo:wquart:y:2004:i:1:p:34-42
Contact details of provider: Postal: Arsenal Object 20, A-1030 Wien
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2004:i:1:p:34-42. 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: (Ilse Schulz)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.