Recovery in Industrialised Countries, Strong Acceleration of Growth in the Other Groups of Countries. Medium-term Projection for the World Economy until 2008
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.
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.
Volume (Year): 9 (2004)
Issue (Month): 1 (April)
|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
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 references are entirely missing, you can add them using this form.