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- Title
AT A GLANCE ….
- Abstract
The article focuses on gross domestic product and economic growth of various countries. World gross domestic product is expected to expand by a robust 4 percent in both 2005 and 2006. World economic growth remains unbalanced; the U.S. will expand by 3.9 percent in 2005; supported by rapid real house price growth and housing investment, while the Euro Area and Japan will grow by 1.5 and 1.4 percent respectively. Strong global growth has continued to put upward pressure on oil prices, which are expected to remain above 50 dollars a barrel. This, in turn, raises the global inflationary outlook, and average inflation will rise to 2 percent in 2005.
- Subjects
GROSS domestic product; ECONOMIC development; PRICE inflation; PETROLEUM product sales &; prices; ECONOMIC indicators; ECONOMIC trends
- Publication
National Institute Economic Review, 2005, Vol 193, p2
- ISSN
0027-9501
- Publication type
Article
- DOI
10.1177/0027950105058543