Picture of mobile phone running fintech app

Fintech: Open Access research exploring new frontiers in financial technology

Strathprints makes available Open Access scholarly outputs by the Department of Accounting & Finance at Strathclyde. Particular research specialisms include financial risk management and investment strategies.

The Department also hosts the Centre for Financial Regulation and Innovation (CeFRI), demonstrating research expertise in fintech and capital markets. It also aims to provide a strategic link between academia, policy-makers, regulators and other financial industry participants.

Explore all Strathclyde Open Access research...

The world economy [December 2003]

Low, Kenneth (2003) The world economy [December 2003]. Quarterly Economic Commentary, 28 (4). pp. 12-14. ISSN 0306-7866

[img]
Preview
PDF (FEC_28_4_2003_LowK1)
FEC_28_4_2003_LowK1.pdf
Final Published Version

Download (200kB) | Preview

Abstract

The world economy is now picking up with strong growth in the US and the Far East economies. Europe remains relatively weak and since the last quarter has worsened slightly. It is not expected to improve until next year with a return to trend growth forecast for 2005. The forecasts for world growth and trade have both improved since the last quarter. The outlook for the world economy remains good. The downside risks are the uncertainty over terrorist attacks in the west, the size of the US deficit, and the continued weakness in Europe.