{"id":124712,"date":"2024-01-23T09:16:35","date_gmt":"2024-01-23T08:16:35","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/124712\/"},"modified":"2024-11-07T05:37:05","modified_gmt":"2024-11-07T04:37:05","slug":"world-economy-expected-to-be-hardly-affected-by-uks-exit-from-eu-medium-term-forecast-until-2021","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/124712\/","title":{"rendered":"World Economy Expected to be Hardly Affected by UK's Exit from EU. Medium-term Forecast Until 2021"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-124712","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Global economic growth is set to gain only little momentum over the medium term. The US economy should expand at a solid pace, driven by buoyant domestic demand and an increasing labour force. Activity in the euro area will be more subdued, as the institutional shortcomings of Monetary Union undermine business confidence and the active population broadly stagnates. The UK exit from the EU will primarily affect the British economy itself, and to a lesser extent its trading partners. The growth momentum of the emerging markets keeps slackening further. Demand and output in China are slowing down, while Russia and Brazil recover only gradually from the current crisis, given the low raw material prices.","onlinedate":"2016-12-13 12:00:00","lang":"English","publication_series":"","publication_date":"20161201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":365690,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"21","monthly_report_pages":"168-177","monthly_report_pages_sort":"168","issue":"17","journal":"WIFO Bulletin","publisher":"","invisible":false,"external":false,"embargo_date":"2016-12-13 12:00:00","types":[50590],"research_groups":[3500],"collaboration":"","persons":[3865],"persons_data":"[{\"personId\":3865,\"personName\":\"Stefan Schiman\",\"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>Schiman, S.<\\\/span> (2016). <span>World Economy Expected to be Hardly Affected by UK's Exit from EU. Medium-term Forecast Until 2021<\\\/span>. <span><em>WIFO Bulletin<\\\/em><\\\/span>, <em>21<\\\/em>(17), 168-177. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/59214\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/59214<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Schiman S<\\\/span>. <span class=\\\"title\\\"><span>World Economy Expected to be Hardly Affected by UK's Exit from EU. Medium-term Forecast Until 2021<\\\/span><\\\/span>. <span>WIFO Bulletin<\\\/span>. 2016 Dec;21(17):168-177.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{92db40eab71c4a0494b137e3054b9807,<\\\/div><div>  title    = \\\"World Economy Expected to be Hardly Affected by UK's Exit from EU. Medium-term Forecast Until 2021\\\",<\\\/div><div>  abstract = \\\"Global economic growth is set to gain only little momentum over the medium term. The US economy should expand at a solid pace, driven by buoyant domestic demand and an increasing labour force. Activity in the euro area will be more subdued, as the institutional shortcomings of Monetary Union undermine business confidence and the active population broadly stagnates. The UK exit from the EU will primarily affect the British economy itself, and to a lesser extent its trading partners. The growth momentum of the emerging markets keeps slackening further. Demand and output in China are slowing down, while Russia and Brazil recover only gradually from the current crisis, given the low raw material prices.\\\",<\\\/div><div>  keywords = \\\"Medium-term forecast, world economy\\\",<\\\/div><div>  author   = \\\"Stefan Schiman\\\",<\\\/div><div>  note     = \\\"Medium-term Forecast: World Economy\\\",<\\\/div><div>  year     = \\\"2016\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"21\\\",<\\\/div><div>  pages    = \\\"168--177\\\",<\\\/div><div>  journal  = \\\"WIFO Bulletin\\\",<\\\/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  - World Economy Expected to be Hardly Affected by UK's Exit from EU. Medium-term Forecast Until 2021<\\\/p><p>AU  - Schiman, Stefan<\\\/p><p>N1  - Medium-term Forecast: World Economy<\\\/p><p>PY  - 2016\\\/12<\\\/p><p>Y1  - 2016\\\/12<\\\/p><p>N2  - Global economic growth is set to gain only little momentum over the medium term. The US economy should expand at a solid pace, driven by buoyant domestic demand and an increasing labour force. Activity in the euro area will be more subdued, as the institutional shortcomings of Monetary Union undermine business confidence and the active population broadly stagnates. The UK exit from the EU will primarily affect the British economy itself, and to a lesser extent its trading partners. The growth momentum of the emerging markets keeps slackening further. Demand and output in China are slowing down, while Russia and Brazil recover only gradually from the current crisis, given the low raw material prices.<\\\/p><p>AB  - Global economic growth is set to gain only little momentum over the medium term. 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