WORLD ECONOMY.

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    • Subject Terms:
      UNITED States; RUSSIA
    • Abstract:
      The article discusses the global economic conditions of various countries. It is noted that the global economy is expected by the ICPS economists to grow 4.5 percent in 2007 and that it will continue to decrease 4.4 percent in 2008 and 4.1 percent in 2009. It is indicated that the U.S. economy decreased significantly because of a slump in property prices in early 2007. An aggregate GDP of euro-area economies grew 3 percent in early 2007 and that real GDP in Russia grew 7.7 percent over January to April 2007 according to the preliminary forecast.