{"id":108312,"date":"2024-01-22T15:30:38","date_gmt":"2024-01-22T14:30:38","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/108312\/"},"modified":"2024-11-07T03:26:32","modified_gmt":"2024-11-07T02:26:32","slug":"recovery-in-industrialised-countries-strong-acceleration-of-growth-in-the-other-groups-of-countries-medium-term-projection-for-the-world-economy-until-2008","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/108312\/","title":{"rendered":"Recovery in Industrialised Countries, Strong Acceleration of Growth in the Other Groups of Countries. Medium-term Projection for the World Economy until 2008"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-108312","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The medium-term growth rate of the world economy is set to rise markedly. Between 2003 and 2008 world GDP is expected to expand on average by 4.0 percent per year, and world trade to increase by 6.1 percent per year. The highest growth rate should be achieved by the non-oil developing countries (+5.6 percent), followed by the former planned economies (+4.7 percent) and the oil-exporting developing countries (+3.9 percent). With an output increase of 2.5 percent p.a. the industrialised countries are projected to do only marginally better than during the period between 1997 and 2003. In the USA the economy will continue to grow faster than in the enlarged EU (+2.9 percent as compared to +2.3 percent). Within the EU, the best economic performance is expected by the accession countries (+3.5 percent), while Germany will continue to lag behind (+1.8 percent).","onlinedate":"2004-04-28 12:00:00","lang":"English","publication_series":"","publication_date":"20040401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":318610,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"9","monthly_report_pages":"34-42","monthly_report_pages_sort":"34","issue":"1","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":"2004-04-28 12:00:00","types":[183747],"research_groups":[3491,3500],"collaboration":"","persons":[3841],"persons_data":"[{\"personId\":3841,\"personName\":\"Stephan Schulmeister\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Schulmeister, S.<\\\/span> (2004). <span>Recovery in Industrialised Countries, Strong Acceleration of Growth in the Other Groups of Countries. Medium-term Projection for the World Economy until 2008<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>9<\\\/em>(1), 34-42. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/25021\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/25021<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Schulmeister S<\\\/span>. <span class=\\\"title\\\"><span>Recovery in Industrialised Countries, Strong Acceleration of Growth in the Other Groups of Countries. Medium-term Projection for the World Economy until 2008<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2004 Apr;9(1):34-42.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{68a1ec1cd8934ce8a7062fc87af63808,<\\\/div><div>  title    = \\\"Recovery in Industrialised Countries, Strong Acceleration of Growth in the Other Groups of Countries. Medium-term Projection for the World Economy until 2008\\\",<\\\/div><div>  abstract = \\\"The medium-term growth rate of the world economy is set to rise markedly. Between 2003 and 2008 world GDP is expected to expand on average by 4.0 percent per year, and world trade to increase by 6.1 percent per year. The highest growth rate should be achieved by the non-oil developing countries (+5.6 percent), followed by the former planned economies (+4.7 percent) and the oil-exporting developing countries (+3.9 percent). With an output increase of 2.5 percent p.a. the industrialised countries are projected to do only marginally better than during the period between 1997 and 2003. In the USA the economy will continue to grow faster than in the enlarged EU (+2.9 percent as compared to +2.3 percent). Within the EU, the best economic performance is expected by the accession countries (+3.5 percent), while Germany will continue to lag behind (+1.8 percent).\\\",<\\\/div><div>  keywords = \\\"medium-term forecast; economic policy in the USA and in the EU; overappreciation of the euro; Austria \\\",<\\\/div><div>  author   = \\\"Stephan Schulmeister\\\",<\\\/div><div>  note     = \\\"Medium-term Projection for the World Economy\\\",<\\\/div><div>  year     = \\\"2004\\\",<\\\/div><div>  month    = apr,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"9\\\",<\\\/div><div>  pages    = \\\"34--42\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Recovery in Industrialised Countries, Strong Acceleration of Growth in the Other Groups of Countries. Medium-term Projection for the World Economy until 2008<\\\/p><p>AU  - Schulmeister, Stephan<\\\/p><p>N1  - Medium-term Projection for the World Economy<\\\/p><p>PY  - 2004\\\/4<\\\/p><p>Y1  - 2004\\\/4<\\\/p><p>N2  - The medium-term growth rate of the world economy is set to rise markedly. Between 2003 and 2008 world GDP is expected to expand on average by 4.0 percent per year, and world trade to increase by 6.1 percent per year. The highest growth rate should be achieved by the non-oil developing countries (+5.6 percent), followed by the former planned economies (+4.7 percent) and the oil-exporting developing countries (+3.9 percent). With an output increase of 2.5 percent p.a. the industrialised countries are projected to do only marginally better than during the period between 1997 and 2003. In the USA the economy will continue to grow faster than in the enlarged EU (+2.9 percent as compared to +2.3 percent). Within the EU, the best economic performance is expected by the accession countries (+3.5 percent), while Germany will continue to lag behind (+1.8 percent).<\\\/p><p>AB  - The medium-term growth rate of the world economy is set to rise markedly. Between 2003 and 2008 world GDP is expected to expand on average by 4.0 percent per year, and world trade to increase by 6.1 percent per year. The highest growth rate should be achieved by the non-oil developing countries (+5.6 percent), followed by the former planned economies (+4.7 percent) and the oil-exporting developing countries (+3.9 percent). With an output increase of 2.5 percent p.a. the industrialised countries are projected to do only marginally better than during the period between 1997 and 2003. In the USA the economy will continue to grow faster than in the enlarged EU (+2.9 percent as compared to +2.3 percent). Within the EU, the best economic performance is expected by the accession countries (+3.5 percent), while Germany will continue to lag behind (+1.8 percent).<\\\/p><p>KW  - medium-term forecast; economic policy in the USA and in the EU; overappreciation of the euro; Austria\\n<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 9<\\\/p><p>SP  - 34<\\\/p><p>EP  - 42<\\\/p><p>JO  - Austrian Economic Quarterly<\\\/p><p>JF  - Austrian Economic Quarterly<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Recovery in Industrialised Countries, Strong Acceleration of Growth in the Other Groups of Countries. 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