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The world economy

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  • N/A

Abstract

• Growth in global output will slacken from 4.7 per cent in 2000 to 4.1 per cent in 2001 as the mon etary tightening of the past eighteen months takes full effect and economies adjust to the oil price shock. • If the correction in American equity prices is sustained, the US Federal Reserve will only have to raise interest rates from 6.5 to 6.75 per cent in order to contain inflationary pressures in the US. • The European Central Bank will need to raise interest rates to 5.25 per cent by the middle of 2001 in order to keep inflation in the Euro Area under control. • The modest Japanese recovery will continue, with GDP growth of 2.1 per cent in 2001, the best performance for five years. • The rise in the oil price will have a much more muted effect on output and inflation than previous shocks.

Suggested Citation

  • N/A, 2000. "The world economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 174(1), pages 3-3, October.
  • Handle: RePEc:sae:niesru:v:174:y:2000:i:1:p:3-3
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    Cited by:

    1. Ronald U. Mendoza, 2013. "Examining The Risk Of Brain Drain And Lower Remittances," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 58(01), pages 1-13.
    2. Alfons Palangkaraya & Jongsay Yong, 2009. "Parallel Imports, Market Size And Investment Incentive," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 54(02), pages 167-181.
    3. Giovanni Capannelli & Carlo Filippini, 2010. "Economic Integration In East Asia And Europe: Lessons From A Comparative Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(01), pages 163-184.
    4. Justin Yifu Lin, 2005. "Viability, Economic Transition and Reflection on Neoclassical Economics," Kyklos, Wiley Blackwell, vol. 58(2), pages 239-264, May.
    5. Arias, Fernando & Parra-Amado, Daniel & Garrido, Daira, 2013. "¿Responden los diferentes tipos de flujos de capitales a los mismos fundamentos y en el mismo grado? : evidencia reciente para países emergentes," Chapters, in: Rincón-Castro, Hernán & Velasco, Andrés M. (ed.), Flujos de capitales, choques externos y respuestas de política en países emergentes, chapter 2, pages 53-81, Banco de la Republica de Colombia.
    6. Jianye Liu & Roderic Beaujot, 2002. "Children, Social Assistance and Outcomes: Cross National Comparisons," LIS Working papers 304, LIS Cross-National Data Center in Luxembourg.
    7. Changying Li, 2005. "Vertical Product Innovation And Parallel Imports," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 50(01), pages 35-46.
    8. Keun-Yeob Oh & Taegi Kim, 2012. "Measuring the welfare effects of intellectual property rights changes on the Korean pharmaceutical industry: the case of Korea–US Free Trade Agreement," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 19(3), pages 278-291.
    9. Shinji Takagi & Issei Kozuru, 2010. "Output And Price Linkages In Asia'S Post-Crisis Macroeconomic Interdependence," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(01), pages 59-81.

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