INTERNATIONAL: Global growth becomes less US-centric - Oxford Analytica

Report title: INTERNATIONAL: Global growth becomes less US-centric

from Oxford Analytica
1418 word report published Nov 20, 2009

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Abstract:

The OECD's baseline forecast projects a world in which the US household savings rate is unchanged from 2009 and consumer growth picks up by 1.3%. As global trade growth recovers, some reversion to pre-crisis current account dynamics is on the cards. This reversion is only partial, and would not materialise at all under plausible alternatives to the baseline scenario.

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INTERNATIONAL: OECD Economic Outlook INTERNATIONAL: Global growth becomes less US-centric The OECD yesterday forecast world growth of 3.4% in 2010. The OECD's baseline forecast projects a world in which the US household savings rate...

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Oxford Analytica

Country / Region:

Brazil, China, EU, India, International, Japan, OECD, Russia, United States, Germany, Ireland, Italy, Mexico, South Korea, Spain, Turkey, United Kingdom

Topic:

economy, capital flows, consumer, finance, growth, monetary, policy, balance of payments, foreign trade, regional

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GEOGRAPHIC REGIONS : Brazil, China, EU, India, International, Japan, OECD, Russia, United States, Germany, Ireland, Italy, Mexico, South Korea, Spain, Turkey, United Kingdom

TOPICS : economy, capital flows, consumer, finance, growth, monetary, policy, balance of payments, foreign trade, regional

SIGNIFICANCE : The OECD's baseline forecast projects a world in which the US household savings rate is unchanged from 2009 and consumer growth picks up by 1.3%. As global trade growth recovers, some reversion to pre-crisis current account dynamics is on the cards. This reversion is only partial, and would not materialise at all under plausible alternatives to the baseline scenario

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