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  • 标题:Policy Assumptions and Projections Summary
  • 期刊名称:Croatian Economic Outlook
  • 印刷版ISSN:1332-3067
  • 电子版ISSN:1332-3067
  • 出版年度:2009
  • 卷号:38
  • 出版社:Institute of Economics, Zagreb, Department for Macroeconomic Analysis and Policy
  • 摘要:The global economy is experiencing its deepest downturn in many decades as the effects of the financial turmoil have influenced almost every country in the world. In the last quarter 2008, GDP fell significantly in all major advanced economies. Consequently, the World Bank has revised downwards its projections in March, and is now foreseeing a 1.7 percent decline in the world GDP and a 6.1 percent drop in the world trade volume in 2009. Gradual recovery, which is still surrounded by exceptionally high risks, should emerge in 2010. Eurostat’s figures suggest that euro area GDP fell modestly in the second and third quarter 2008 but then contracted sharply - by 1.5 percent - in the final quarter. Activity in the euro area is likely to remain subdued for the remainder of the year. The March 2009 ECB projections foresee GDP growth between -3.2 and -2.2 percent in 2009, and between -0.7 and 0.7 percent in 2010. Global inflationary pressures have continued to diminish as a consequence of lower commodity prices and weaker global demand.
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