Abstract
While the world economy slowed slightly in 2005 it is now clear that strong growth remains in the US, Japan, China, India and several other non-OECD countries. While the Euro Area has been a slow performer there are now signs of a broad based recovery even in Germany. We suggest that there is still a problem translating increased activity into higher incomes and therefore Germany could be losing out on some consumption gains.
Original language | English |
---|---|
Pages (from-to) | 17-20 |
Number of pages | 4 |
Journal | Quarterly Economic Commentary |
Volume | 31 |
Issue number | 1 |
Publication status | Published - Jun 2006 |
Keywords
- Fraser of Allander Institute
- Scottish economy
- Scottish economic forecasts