The world economy [February 2005]

Kenneth Low

Research output: Contribution to journalArticle

Abstract

As stated in the previous quarter we still believe growth in the world economy is relatively strong (despite the weak data in the summer and a slight slowing in China). There signs of strong growth in the US, China and Japan although the Euro Area remains relatively weak. The world economy is expected to
grow at a considerable pace (close to 4 per cent) in 2004 but growth is forecast to be slightly less in 2005. The Euro Area is expected to grow more strongly in 2005 as it is currently lagging the other regions of the world. World trade is forecast to grow rapidly in both 2004 and 2005 (just below 10 per cent for both years). Chinese trade flows and the importance of trade in Asia are the most significant contributions to this growth. Emerging markets are also expected to have strong trade growth in 2005. Sadly, while the human costs of the Tsunami were both tragic and huge the economic impact on the world economy will be relatively minor.
LanguageEnglish
Pages12-14
Number of pages3
JournalQuarterly Economic Commentary
Volume29
Issue number4
Publication statusPublished - Feb 2005

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World economy
China
Euro area
Asia
World trade
Japan
Emerging markets
Trade flows
Costs
Economic impact
Tsunami

Keywords

  • world economic performance
  • international economic activity

Cite this

Low, Kenneth. / The world economy [February 2005]. In: Quarterly Economic Commentary. 2005 ; Vol. 29, No. 4. pp. 12-14.
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Low, K 2005, 'The world economy [February 2005]' Quarterly Economic Commentary, vol. 29, no. 4, pp. 12-14.

The world economy [February 2005]. / Low, Kenneth.

In: Quarterly Economic Commentary, Vol. 29, No. 4, 02.2005, p. 12-14.

Research output: Contribution to journalArticle

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