At a Glance…

Anonymous

National Institute Economic Review, 2009, vol. 208, 2-2

Abstract: The global economy will contract this year by 0.5 per cent, its first annual decline since 1946.World trade will fall by 8.2 per cent in 2009.Among the G7, Japan and Italy will be the worst affected, with a 15 and 40 per cent chance, respectively, of the recession lasting 9 quarters or more.Fiscal and monetary easing since 2008 offset 1–1.6 percentage points of the potential declines in the G7 economies this year, except in Italy where fiscal stimulus has been minimal.Government bond spreads in the Euro Area have widened sharply since 2007, partly due to the sudden rise in government debt.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:208:y:2009:i::p:2-2_2

Access Statistics for this article

More articles in National Institute Economic Review from National Institute of Economic and Social Research Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. Contact information at EDIRC.
Bibliographic data for series maintained by Kirk Stebbing ().