Forecasting the world economy is a difficult task given the complex interrelationships within and across countries …. This paper proposes a number of approaches to forecast short-term changes in selected world economic variables and aims …

components for a large data set comprising the U.S., the EU-27 area, and the respective rest of the world. Credit risk conditions …

In a globalised world economy, global factors have become increasingly important to explain trade flows at the expense … world trade is directly forecasted at the aggregate levels, relative to "bottom-up" approaches, where world trade results …