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Upward Revision of the Global Economy Trend

Author

Listed:
  • Octavian-Liviu Olaru
  • Constanta-Aurelia Chitiba
  • Livia–Irina Olaru

    ("Dimitrie Cantemir" Christian University)

Abstract

Following the deepest global downturn in recent history, economic growth solidified and broadened to advanced economies in the second half of 2009 and in the first months of 2010 year. Within both groups of countries, advanced economy countries, as well as emerging and developing economies countries, growth performance, fragile for this moment, is expected to vary considerably across countries and regions, reflecting different initial conditions, external shocks, and policy responses. In keeping with the January 2010 IMF prognoses, world output is expected to rise this year by 4 percent in comparison with the 2009 level. This represents an upward revision of 3 percentage point from the October 2009 World Economic Outlook. In 2011, world economy growth is projected to reach a level of 4.3 per cent.

Suggested Citation

  • Octavian-Liviu Olaru & Constanta-Aurelia Chitiba & Livia–Irina Olaru, 2010. "Upward Revision of the Global Economy Trend," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 2(1), pages 10-19, March.
    • Handle: RePEc:khe:journl:v:2:y:2010:i:1:p:10-19
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    More about this item

    Keywords

    World economy; recession; recovery; stimulus measures;
    All these keywords.

    JEL classification:

    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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