The world economy [October 2005]

Kenneth Low

The world economy [October 2005]

Kenneth Low

Economics

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Abstract

2004 was a record year for the world economy as it grew by 5.1 per cent, the strongest growth seen for 28 years. The main impetus to growth was strong domestic demand in the US, Canada, the UK, France and Spain. Oil exports from Russia, Mexico and OPEC made a significant contribution to growth. World trade grew by 9.1 per cent in 2004 with Japan and China experiencing strong gains from net trade. Both the US and Japan grew considerably above trend level but the Euro Area remained the weakest of the major blocs although growth improved to 1.7 per cent.

Original language	English
Pages (from-to)	16-18
Number of pages	3
Journal	Quarterly Economic Commentary
Volume	30
Issue number	3
Publication status	Published - Oct 2005

Keywords

Fraser of Allander Institute
Scottish economy
world economy

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Cite this

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title = "The world economy [October 2005]",

abstract = "2004 was a record year for the world economy as it grew by 5.1 per cent, the strongest growth seen for 28 years. The main impetus to growth was strong domestic demand in the US, Canada, the UK, France and Spain. Oil exports from Russia, Mexico and OPEC made a significant contribution to growth. World trade grew by 9.1 per cent in 2004 with Japan and China experiencing strong gains from net trade. Both the US and Japan grew considerably above trend level but the Euro Area remained the weakest of the major blocs although growth improved to 1.7 per cent.",

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AB - 2004 was a record year for the world economy as it grew by 5.1 per cent, the strongest growth seen for 28 years. The main impetus to growth was strong domestic demand in the US, Canada, the UK, France and Spain. Oil exports from Russia, Mexico and OPEC made a significant contribution to growth. World trade grew by 9.1 per cent in 2004 with Japan and China experiencing strong gains from net trade. Both the US and Japan grew considerably above trend level but the Euro Area remained the weakest of the major blocs although growth improved to 1.7 per cent.

KW - Fraser of Allander Institute

KW - Scottish economy

KW - world economy

UR - http://www.strath.ac.uk/fraser/

UR - http://www.strath.ac.uk/frasercommentary/

M3 - Article

SN - 0306-7866

VL - 30

SP - 16

EP - 18

JO - Quarterly Economic Commentary

JF - Quarterly Economic Commentary

IS - 3

ER -

The world economy [October 2005]

Abstract

Keywords

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