Economists see moderate world economic upturn

December 2005
Hudson Valley Business Journal;12/12/2005, Vol. 16 Issue 24, p13
The article presents information on the World Economic Survey carried out by the International Chamber of Commerce and the Ifo Institute for Economic Research in Munich. The survey reports a moderate cyclical upturn in the world economy in the fourth quarter of 2005. According to the findings of the survey, improvement was especially marked in Europe, where assessments of the current situation and forecasts for the next six months were both stronger. The price increases for oil and other raw materials are likely to increase the inflation rate to 3.3% from 2.9%.


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