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  • 标题:International and Regional Developments.
  • 期刊名称:Annual Report / Central Bank of Belize
  • 印刷版ISSN:1025-1618
  • 出版年度:2006
  • 卷号:2006
  • 页码:4-4
  • 出版社:Central Bank of Belize
  • 摘要:In 2006, the world economy experienced broad based and robust growth of approximately 5.0% notwithstanding a tightening of monetary policy in some of the major economies aimed at heading off a possible buildup of inflationary pressure. The growth impetus was largely provided by economic activity in China, India and the United States. Eurozone countries also experienced their strongest expansion since 2000 and Japan’s performance was positively impacted by strong growth in the other Asian countries. Emerging and developing countries around the world benefitted from surging demand for commodities with oil producing countries, in particular, capitalizing on unprecedented increases in energy prices. Crude oil prices posted record highs, in excess of US$78 per barrel and averaging US$66 per barrel throughout the year. The downside of this was an increase in cost push factors, which, along with reduced spare capacity and declining unemployment, set the stage for increased global inflationary pressures that could threaten the momentum of future global expansion.
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