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 …, worries about inflation are holding back interest rate cuts in the Euro Area. Not only has the outlook for growth deteriorated … recession and grow by 2.2 per cent this year, the same as in 2007. Inflation, measured by the private consumption deflator, will …