World Economic Situation and Prospects 2001
Economic growth in 2000 was unexpectedly and unusually high and widespread. The increase in gross world product exceeded the earlier forecast of 3.5 per cent and was the strongest in more than a decade. This outcome was the result of improvements in all major regions of the world and was associated with double-digit growth in the volume of international trade. The world economic recovery that started in 1999 reached its peak before the close of 2000 but is expected to continue until at least the end of 2001, albeit at a slightly slower pace. The outlook is for global economic growth to moderate from 4 per cent in 2000 to 3.5 per cent in 2001, with the slowdown limited in extent and geographic scope.
Sales No. E.01.II.C.2