Tribute to the victims of
terrorist attacks worldwide
Comments: 9663

What is the near-term global economic outlook?

The global economy has weakened since spring, led by developments in the euro area where recession is again taking hold.

Ongoing balance-sheet adjustments and renewed declines in consumer confidence have kept household demand soft in many countries.

Business investment growth has also been slowing, except in Japan where post-disaster reconstruction continues. In the euro area, weakness in the periphery is spilling over to the core.

The renewed intensification of the euro area crisis and falling output there have had adverse effects on confidence globally. Business confidence is particularly weak in the euro area and has dropped recently in the United States and Japan.

The weakening in business confidence has been particularly evident in manufacturing sectors.

Consumer confidence is weakening in most major economies. It is particularly weak in the euro area, and this is reflected to some extent in sharply contracting levels of lending to households.

With the euro area crisis still the most important risk for the global economy, further policy action is needed to instil more confidence in the monetary union.

Read more


*Excerpts of OECD interim assessment, September 2012

6 Responses to What is the near-term global economic outlook?

  • Danika says:

    Nice weblog here! Additionally your website a lot up fast! What web host are you the use of? Can I get your associate hyperlink for your host? I wish my site loaded up as quickly as yours lol

  • says:

    Awesome website!

  • SamathaOCorneille says:

    First of all I want to say wonderful blog! I had a quick question that I’d
    like to ask if you don’t mind. I was interested to find out how you center yourself and clear your thoughts prior
    to writing. I have had difficulty clearing my mind
    in getting my ideas out there. I truly do take pleasure in writing however it just seems like the first
    10 to 15 minutes are usually lost simply just trying to figure out how to
    begin. Any recommendations or tips? Kudos!

    • mariela says:

      You have to concentrate on the issue you would like to ponder over and develop, having a respect for your reading audience by providing maximum emotion and knowledge…

  • says:

    Second time I discovered your site on Google. Great stuff.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Copyright © 2019. All Rights Reserved.