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.
|Number of pages||4|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - Jun 2006|
- Fraser of Allander Institute
- Scottish economy
- Scottish economic forecasts