Liadze, Iana; Fic, Dr Tatiana; Barrell, Ray; Holland, Dawn - National Institute of Economic and Social Research - 2008
The global economic outlook has darkened. World GDP growth will slow this year. Inflation in the OECD countries will rise from 1.9 per cent in 2007 to 2.5 per cent in 2008. Although the US Federal Reserve has slashed its main policy rate, worries about inflation are holding back interest rate...
