will continue to slow in the forecast period. We expect global GDP to expand by 3.0% this year and by 2.8% next year. World …

The upswing of the world economy has strengthened considerably over the last year. Private consumption and exports have … more quickly than anticipated at the end of the last year. For this year we expect that world output will continue to … technological progress, wage increases are not likely to take hold easily. Therefore, the world output is expected to grow by 3 …

comprehensive. Moreover, in a developing world with new technologies, faster communication systems, a higher integration of world … increasingly important in a world of tightening trade and financial linkages. With the rising importance of economies such as China …-makers the synchronization of business cycles – across the world and in a monetary union in particular – is of notable interest …