The world economy is expected to continue to grow at a rate of 3 per cent during 2006. The United States economy remains the main engine of global economic growth, but the growth of China, India and a few other large developing economies is becoming increasingly important. On average, developing economies are expected to expand at a rate of 5.6 per cent and the economies in transition at 5.9 per cent, despite the fact that these economies may face larger challenges during 2006.
Driven by higher oil prices, inflation rates have edged up worldwide. Core inflation rates, which exclude the prices of energy and food, have been more stable, indicating that the pass-through of higher oil prices to…
World Economic Situation and Prospects 2006
Geneva, 31 October-2 November
Agenda
Global Economic Outlook
Report on the Project LINK meeting
Mexico City, 16-20 May 2005
Agenda
Global Economic Outlook
Report on the Project LINK meeting
Project LINK Meeting Document 2005
The continued recovery of the world economy resulted in unusually widespread growth in 2004, but a modest slowdown in all regions is expected in 2005, according to projections contained in the World Economic Situation and Prospects 2005. Developing countries grew at the fastest rate in two decades in 2004. In addition to the stimulus provided by the United States, China is making an increasing contribution to global economic growth. Its rapid expansion has contributed to increased global demand for oil and many non-oil commodities, with the higher prices for the latter being of particular benefit to several countries in Africa and Latin America. Overall, prospects continue to be good, but…
World Economic Situation and Prospects 2005
Many of the forces responsible for dramatic growth in the previous decade are now absent or not strong enough to produce such robust performance. While global trade is projected by the World Economic Situation and Prospects 2004 to grow by 7.0 per cent this year, it is unlikely that the buoyancy of pre-2000 years will be repeated, especially given setbacks in the Doha round of trade negotiations. The recovery of foreign direct investment will be similarly subdued, as will rebounding investment in information technologies. And in 2004, the dampening effects of geopolitical tensions and threats of international terrorism are more prevalent than in the years immediately before 2001.Therefore,…
World Economic Situation and Prospects 2004
New York, 22-24 November 2004
Agenda and meeting documentation
Global Economic Outlook
Report on the Meeting of the Expert Group on the World Economic Situation and Prospects
New York, 14 to 16 April 2004
Agenda and meeting documentation
Global Economic Outlook
Report on the Meeting of the Expert Group on the World Economic Situation
Project LINK Meeting Document 2004
New York, 23-25 April 2003
Agenda
Report on the Meeting of the Expert Group on the World Economic Situation and Prospects
Global Economic Outlook
Presentations
Project LINK Meeting Document 2003
Following some signs of stabilization at the end of 2002, global economic growth is expected to improve in 2003, but the strength, breadth and sustainability of the recovery remain subject to many uncertainties. Risks associated with heightened geopolitical tensions, such as the possibility of higher oil prices and lower business and consumer confidence, are the key threats to global economic recovery in the short run. In such a global economic environment, policymakers are facing prodigious challenges. Macroeconomic policy worldwide has been generally accommodative over the past year and has helped prevent the world economy from falling farther into a synchronized global downturn.
The…
World Economic Situation and Prospects 2003
Bologna, 7 - 12 October 2002
Report on the Project LINK meeting
Global Economic Outlook
New York, 24-26 April 2002
Report on the Project LINK meeting
Global Economic Outlook
Project LINK Meeting Document 2002
A pervasive slowdown in the world economy, aggravated by the terrorist attacks in the United States of America, has led to the lowest growth of gross world product in a decade. Gross world production grew little more than 1 per cent in 2001 and the volume of world trade stagnated. More than a dozen economies, accounting for more than two thirds of world output and including the world's three largest economies, were falling into recession. For the year as a whole, growth in the developed countries was the lowest in a decade. The economies in transition exhibited greater resilience but their average growth also declined. The key concern of economic policymakers at the beginning of 2002 is to…
World Economic Situation and Prospects 2002
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