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Record W1575209942

Global Economy Continues to Recover

2010· article· en· W1575209942 on OpenAlexaboutno aff
Gerhard Fenz, Philipp Mayer, Josef Schreiner

Bibliographic record

VenueMonetary Policy & the Economy · 2010
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicGerman Economic Analysis & Policies
Canadian institutionsnot available
Fundersnot available
KeywordsQuarter (Canadian coin)ChinaEconomicsReal gross domestic productMomentum (technical analysis)EconomyInternational economicsGeographyMonetary economicsFinance
DOInot available

Abstract

fetched live from OpenAlex

The economic recovery, which had started in Asia and then quickly spread to the U.S.A., recently lost momentum in both regions. In the second quarter of 2010, the U.S. economy recorded real GDP growth (in annualized terms) of a mere 1.7% quarter on quarter, following 3.7% in the first three months of 2010 and 5.0% in the final quarter of 2009. In Japan, quarterly real GDP dropped to 0.4% in the second quarter of 2010 from 1.2% in the first quarter. Meanwhile, the global economy continues to benefit most from the momentum of the Asian threshold countries. China, which has replaced Japan as the third largest economy (after the U.S.A. and the euro area), posted 10.3% growth in the second quarter of 2010, only slightly less than in the previous quarter. In light of its vibrant import performance, China’s current account surplus is likely to be lower in 2010 than it was in 2009. In contrast to global developments, the European economy saw a growth spurt in the second quarter of 2010 thanks to unexpectedly favorable developments in Germany, which compensated for problems in the southern and western periphery of the euro area. Growth was driven above all by international trade, with the low euro exchange rate recorded in spring supporting the pickup of exports. In the second quarter of 2010, real GDP in the euro area climbed by 1.0% on the previous quarter, i.e. more strongly than expected. All euro area countries, excluding Greece, posted an expansion, with Germany being the main driver (2.2%). According to the most recent forecasts, the euro area is expected to rebound more markedly than previously envisaged. At an unchanged 10.0%, the seasonally adjusted unemployment rate for the euro area recorded in July 2010 continued to mark the highest value in twelve years. At 1.8%, the inflation rate remained moderate in September 2010. The latest forecasts do not point to any threats to price stability up until end-2011. The gradual economic recovery, which had become evident in the Central, Eastern and Southeastern European (CESEE) countries at end-2009, stabilized in the first six months of 2010, as the region, on balance, posted clearly positive quarter-on-quarter growth rates. Restocking and exports continued to buttress the economy, while consumption and investment did not foster growth in a sustainable manner. Despite a slight increase, inflation still remains at a relatively modest level. Financial markets have quieted for the time being after the turbulence of early summer 2010. In some countries, however, the situation remains highly uncertain. After an exceptionally powerful economic revival in Austria mid-2010, the OeNB expects continued robust economic activity in the second half of 2010 and a slowdown in line with world trade developments toward the end of the year. In 2010 as a whole, the Austrian economy is expected to grow by almost 2% on the back of animated export demand. Considering that the recession was very pronounced, the current upturn is fairly restrained, and domestic demand is still too weak for a self-sustained upswing.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.003
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.083
Threshold uncertainty score0.279

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.003
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0010.002
Science and technology studies0.0030.002
Scholarly communication0.0080.008
Open science0.0010.005
Research integrity0.0030.005
Insufficient payload (model declined to judge)0.0830.036

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.015
GPT teacher head0.222
Teacher spread0.207 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

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Citations0
Published2010
Admission routes1
Has abstractyes

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