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文章基本信息

  • 标题:Economic developments in the world
  • 期刊名称:Annual Report / National Bank of the Republic of Macedonia
  • 出版年度:2007
  • 卷号:1
  • 页码:7-7
  • 出版社:National Bank of the Republic of Macedonia
  • 摘要:Global economic expansion, characteristic of the last four years, continued during 2007 as well.2 Thus, the growth rate of the global GDP was 4.9%, which, compared with the previous year, was a minimal decelaration in the growth dynamics of 0.1 percentage points. Main contributors to the economic growth in 2007 were a part of the fast-growing economies- China, India and Russia, that contributed to almost one half of the global GDP growth. Their growth was due mainly to the strong domestic demand, mainetnance of a disciplined macroeconomic policy, as well as increase in prices of certain export raw materials (oil, metals and food) which especially applied to Russia. Thus, the growth of these economies neutralzied to a certain degree the slower growth in the USA during 2007, caused mainly by the financial crisis at the market of sub-prime mortgage credits, that caused spillover effects on all segments of the financial markets not only in the USA, but also in the West European countries and led to slowing down of their growth in the second half of the year.
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