IDEAS home Printed from https://ideas.repec.org/a/sae/niesru/v211y2010i1pf12-f16.html
   My bibliography  Save this article

OECD will regain pre-crisis levels of output in 2011

Author

Listed:
  • Dawn Holland
  • Ray Barrell
  • Tatiana Fic
  • Ian Hurst
  • Iana Liadze
  • Ali Orazgani
  • Rachel Whitworth

Abstract

The second quarter of 2009 marked the end of the global recession, and we estimate that global GDP increased by 1 per cent. However, the revival reflected growth in only a handful of economies, and was driven by a rise in domestic demand in an even smaller collection of countries. Government spending in mainland China, as well as Hong Kong, Taiwan and South Korea, was the driving force behind the rebound in global GDP. The recovery broadened to the majority of economies in the third quarter of last year, with particularly strong growth in Mexico, Brazil, Lithuania, Romania and Slovakia, as well as the Asian economies. Output continued to fall in the UK, Spain, Greece and several of the EU's new member states in the third quarter of 2009. Supported by highly expansionary fiscal and monetary policies, a sharp turn in the inventory cycle and external demand from Asia, the recovery has not yet spread to investment and consumer spending in many countries.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Dawn Holland & Ray Barrell & Tatiana Fic & Ian Hurst & Iana Liadze & Ali Orazgani & Rachel Whitworth, 2010. "OECD will regain pre-crisis levels of output in 2011," National Institute Economic Review, National Institute of Economic and Social Research, vol. 211(1), pages 12-16, January.
    • Handle: RePEc:sae:niesru:v:211:y:2010:i:1:p:f12-f16
    as

    Download full text from publisher

    File URL: http://ner.sagepub.com/content/211/1/F12.abstract
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:niesru:v:211:y:2010:i:1:p:f12-f16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.