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Enregistrement W331802299

Uneven Recovery in the Industrial Countries

2002· article· en· W331802299 sur OpenAlexaboutno aff
Evangelos Otto Simos

Notice bibliographique

RevueThe Journal of Business Forecasting Methods & Systems · 2002
Typearticle
Langueen
DomaineEconomics, Econometrics and Finance
ThématiqueGlobal Financial Crisis and Policies
Établissements canadiensnon disponible
Organismes subventionnairesnon disponible
Mots-clésQuarter (Canadian coin)RecessionBusiness cycleEconomicsReal gross domestic productInflation (cosmology)Global recessionEconomic recoveryEconomyGeographyMacroeconomics
DOInon disponible

Résumé

récupéré en direct d'OpenAlex

INTERNATIONAL ECONOMIC OUTLOOK I. Global Assessment and Outlook Evidence of economic growth in North America, current signs of bottoming out in business activity in Europe and prospects of recovery in Japan suggest that the mini global recession, which started in the second half of 2001, has finally ended. The shock of the September 11 events in the United States resulted in a synchronization of the global business cycle. The three major economic powers - United States, Japan and Germany - experienced negative growth rates in output in the third quarter of last year for the first time in the last 20 years. Growth and inflation disparities in the cyclical positions of the industrial countries are expected to re-emerge during 2002-03. Following their first quarterly contraction in real GDP since 1992 in the third quarter of last year, the United States and Canada returned to positive economic growth in the last quarter of 2001. They have passed their cyclical troughs and are expected to experience below potential growth rates in 2002, followed by potential growth rates in 2003. The recession in the industrial countries of continental Western Europe started in the second quarter of 2001, when zero growth rates were recorded in Germany and Italy, followed by output declines in the third quarter in Germany, Austria and Switzerland. While the North America economies bounced back in the fourth quarter, in the Euro area - the economies of the 12 countries that share the euro - real output shrank for the first time since 1993. Recent signs of recovery appeared in several indicators, strengthening our forecast that the worst of the European economic downturn is over and that a gradual upturn is underway. In Japan, business and consumer indicators suggest that the battered economy is on the verge of recovery. The low point in the Japanese business cycle was reached late last year as real GDP fell by an annual rate of 4.8%, the third consecutive decline in 2001. The current readings of the leading indicators suggest that economic growth will slowly pick up in the spring of this year and accelerate at the end. The recovery of the Japanese economy is expected to develop at a moderate pace with output growth averaging over the consumer horizon below the economy's long-term potential rate. The quarterly performance in the major economic blocs in 2001 means that - for the year as a whole - real GDP grew 1.2% in the United States compared with growth of 1.5% in the Euro area and a 0.5% contraction in Japan. Our central forecast calls for the United States economy to grow at a brisk pace this year, followed by moderate growth in Europe. Japan will be the laggard of the current upswing phase of the global business cycle. The expected disparities in the growth of industrial countries are forecast to have significant effects on inflation rates, employment, current account balances, exchange rates, and consequently, upon the design and implementation of fiscal and monetary policies. Domestic dynamic developments in the mix of consumption and investment, productivity, the role of exports as an engine of growth and the lagging effects of monetary policy are the major sources of the expected strengthening of economic activity in the world economy over the forecast horizon, 2002-03. Our assessment of an ongoing recovery in the industrial countries is based on the following factors: * Inventory adjustment. The bottoming out of corporate inventories will be a significant contributor to projected economic recovery. The global economic slowdown in 2001, combined with a mini recession in the major industrial countries, has provided the inventory correction needed for a recovery in production. In Japan, the index of industrial inventories fell in January to its lowest level since October 1990, suggesting that companies will need to increase production at the slightest upturn in demand. Similarly, in the United States, there was a decline in business inventories of about $40 billion in 2001, compared to an increase of $50 billion in 2000. …

Récupéré en direct depuis OpenAlex et désinversé. Les résumés ne sont pas conservés dans cette base de données : les index inversés représentent 8,6 Go des 9,3 Go de texte de la base, et le serveur dispose de 13 Go libres.

Comment cette classification a été obtenuedéplier

Prédiction distillée sur la base complète

Imitation des enseignants

Ni prévalence calibrée, ni vérité terrain. Validation humaine à venir. Apprise à partir de 10 348 étiquettes directes de Codex et de 10 348 étiquettes directes de Gemma. Le mode candidate est l'union des têtes enseignantes seuillées; le consensus est leur intersection. Ces sorties portent le statut machine_predicted_unvalidated et ne sont ni des étiquettes humaines ni des étiquettes directes de modèles de pointe.

score de la tête « metaresearch » (Codex)0,012
score de la tête « metaresearch » (Gemma)0,002
Version: codex-gemma-dda1882f352aStatut de validation: machine_predicted_unvalidated
Catégories candidatesaucune
Catégories consensuellesaucune
DomaineSignal candidat: aucune · Signal consensuel: aucune
Devis d'étudeSignal candidat: Sans objet · Signal consensuel: aucune
GenreSignal candidat: Empirique · Signal consensuel: Empirique
Score de désaccord entre enseignants0,714
Score d'incertitude au seuil0,399

Scores Codex et Gemma par catégorie

CatégorieCodexGemma
Métarecherche0,0120,002
Méta-épidémiologie (sens strict)0,0000,000
Méta-épidémiologie (sens large)0,0010,000
Bibliométrie0,0000,001
Études des sciences et des technologies0,0000,000
Communication savante0,0000,000
Science ouverte0,0010,000
Intégrité de la recherche0,0000,000
Charge utile insuffisante (le modèle a refusé de juger)0,0000,000

Scores machine (provisoires)

Les deux têtes enseignantes du modèle étudiant, lues sur ce travail. Un score ordonne la base pour la relecture; il n'affirme jamais une catégorie, et le statut de validation accompagne chaque rangée tel quel.

Scores de référence d'un modèle non mature (critères de maturité non atteints, 7 itérations). Un score ordonne; il n'affirme jamais une catégorie.

Tête enseignante Opus0,197
Tête enseignante GPT0,289
Écart entre enseignants0,092 · la distance entre les deux têtes enseignantes sur ce seul travail
Statut de validationscore_only:v0-immature-baseline · tel quel depuis la passe de notation : score_only signifie que le nombre peut ordonner les travaux, et qu'aucune étiquette de catégorie n'en découle

Classification

machine, non validée

Prédiction automatique; un appel candidat d’une seule tête enseignante, pas un consensus.

Les modèles n’ont appliqué aucune catégorie : rien dans la taxonomie ne correspondait à ce travail.
Devis d'étudeSans objet
Domainenon disponible
GenreEmpirique

Le détail, modèle par modèle et score par score, se trouve en fin de page sous « Comment cette classification a été obtenue ».

En bref

Citations0
Publié2002
Routes d'admission1
Résumé présentoui

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