The world economy [October 2005]
Low, Kenneth (2005) The world economy [October 2005]. Quarterly Economic Commentary, 30 (3). pp. 16-18. ISSN 0306-7866
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Abstract
2004 was a record year for the world economy as it grew by 5.1 per cent, the strongest growth seen for 28 years. The main impetus to growth was strong domestic demand in the US, Canada, the UK, France and Spain. Oil exports from Russia, Mexico and OPEC made a significant contribution to growth. World trade grew by 9.1 per cent in 2004 with Japan and China experiencing strong gains from net trade. Both the US and Japan grew considerably above trend level but the Euro Area remained the weakest of the major blocs although growth improved to 1.7 per cent.
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Item type: Article ID code: 46990 Dates: DateEventOctober 2005PublishedSubjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics
Strathclyde Business School > Fraser of Allander InstituteDepositing user: Pure Administrator Date deposited: 28 Feb 2014 10:55 Last modified: 05 Oct 2024 00:18 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/46990
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