1945

Current issues in the world economy

The world economy is still growing at a steady pace but the risk of a relapse hangs in the balance. The moderate slowdown registered in the first half of 2005 indicates that the world’s main engine of growth, the United States economy, may not be able to drive forward global growth without the support from other parts of the world. Meanwhile, the euro area is stuck in stagnation, and Japan’s growth shows a moderate deceleration.

Related Subject(s): International Trade and Finance
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