Global View on the Dynamics of the World Economy in 2006 and 2007 and Perspectives in 2008 Cover Image

Globálny pohľad na dynamiku svetovej ekonomiky v rokoch 2006 a 2007 a perspektívy na rok 2008
Global View on the Dynamics of the World Economy in 2006 and 2007 and Perspectives in 2008

Author(s): Menbere Workie Tiruneh
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: world economy; economic growth; global imbalance; labor markets

Summary/Abstract: This paper is aimed at critically summarizing the recent performance of the world economy. The global figures seem to suggest that, by historical context, the past four years on average may be considered as the most successful for the world economy since the 1960s. The good news about the world’s recent eco-nomic performance is attributed not only to the success of the traditionally high performers but also the enormous growth that was recorded in wide-ranging group of industrialized, transition and developing economies. Nevertheless, despite the high average global growth, this growth rate has not been evenly dis-tributed among countries; rather, there has been a substantial disparity both across countries in the same regions as well as across regional economies. However, the growth prospect of the world economy in 2008 is a bit gloomy in response to policy tightening and the Euro’s appreciation against the US dollar, and skyrocketing oil prices, which might slowdown global growth.

  • Issue Year: 55/2007
  • Issue No: 10
  • Page Range: 956-975
  • Page Count: 20
  • Language: Slovak