Hostname: page-component-586b7cd67f-g8jcs Total loading time: 0 Render date: 2024-11-24T18:39:47.790Z Has data issue: false hasContentIssue false
  • English
  • Français

World Overview

Published online by Cambridge University Press:  26 March 2020

Dawn Holland ,
Ray Barrell ,
Aurélie Delannoy ,
Tatiana Fic ,
Anitha George ,
Ian Hurst ,
Ali Orazgani  and
Paweł Paluchowski
Get access Rights & Permissions [Opens in a new window]

Extract

The pace of global expansion moderated somewhat in the second quarter of 2010. According to NIESR estimates, world GDP increased by 1.4 per cent in the first quarter of the year and growth slowed to 1 per cent in the second quarter. The slowdown was widespread across Asia and America. Many of the lagging economies in Europe, on the other hand, accelerated in the second quarter of 2010, allowing some convergence in the global recovery. The slowdown in Asia and America was largely a reflection of a shift in the global balance of trade. Domestic demand growth in both the US and China accelerated in the second quarter, pulling in higher levels of imports and drawing with it an export-driven recovery in Europe. We forecast global growth of 4.9 per cent this year and 4½ per cent in 2011.

Type
The World Economy
Information
National Institute Economic Review , Volume 214 , October 2010 , pp. F10 - F13
Copyright
Copyright © 2010 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)