On the Threshold of a Global Economy

Observer 207, August/September 1997
The world’s economies, both inside and outside the OECD area, now have the opportunity of developing closer linkages, which bring with them the prospect of a genuinely global economy. Expanding these linkages over the next two decades or so would boost prosperity, reinforce political security and promote
environmental sustainability. But progress to this end would require the tackling of a wide range of obstacles in economic, social and environmental policy and the strengthening of international co-operation.To read the full article, download the PDF file below.

Economic data

GDP growth: -1.8% Q1 2020/Q4 2019
Consumer price inflation: 0.9% Apr 2020 annual
Trade (G20): -4.3% exp, -3.9% imp, Q1 2020/Q4 2019
Unemployment: 8.4% Apr 2020
Last update: 9 July 2020

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