. the economic recovery .

Only a revival in US infrastructure investment can create a sustained global economic recovery.

The Politics of Global Recovery in 2013

It was only as from the summer of 2003 that economic confidence in the euro area gradually improved and signs of global economic recovery strengthened .

So, will the global economy stage a sustained recovery?

Post conflict economic recovery is a slow process.

Two features of the post war economic recovery are striking.

And what do falling prices mean for economic recovery?

Another element of support was a strong housing market , with residential investment benefiting from Recovery of world economy remained muted Following the deceleration in 2001 , the world economy began to recover at a moderate pace in early 2002 .

A slow growth China would undermine the global economic recovery.

Unless current trends are reversed, this opportunity gap will deepen, creating even greater income disparities and stifling economic recovery worldwide.

Monetary loosening is vital to prevent growth from slowing further, and thus to ensure economic stability at home and maintain the momentum of recovery worldwide.

Assumptions with regard to the international environment The recovery in world economic activity outside the euro area is projected to remain robust over the horizon .

There can be no mistaking the decidedly subpar character of the current global recovery.

Further ahead , the economic pick up is projected to strengthen , supported by gradually rising domestic demand .

1 IMF World Economic Outlook October 2001 , Box 2.1 .

57 146. Special assistance for the economic recovery and reconstruction of the Democratic Republic of the Congo

55 166. Special assistance for the economic recovery and reconstruction of the Democratic Republic of the Congo

56 100. Special assistance for the economic recovery and reconstruction of the Democratic Republic of the Congo

58 123. Special assistance for the economic recovery and reconstruction of the Democratic Republic of the Congo

Indeed, the fragility of the global economic recovery is often cited as a justification to delay such action.

By pushing forward with ambitious structural reforms , euro area countries will also lend support to the ongoing economic recovery .

58 120. Special emergency economic assistance for the recovery and the development of the Comoros

Therefore, investors doubt the ability of the global economy to sustain economic recovery without such unorthodox measures, and we are seeing a reversal of the reduction in risk premiums.

The economic recovery in the euro area and the world economy therefore seemed set to progress more slowly in the second half of 2002 than had been expected at the beginning of the year .

But imprecision is one thing the systematic overestimate of the economic recovery in Europe is quite another.

2.1 Multilateral and bilateral surveillance of macroeconomic policies The ECB and the NCBs continued to participate in regular peer reviews ( multilateral surveillance ) and reviews by international institutions ( bilateral surveillance ) of monetary , economic and financial developments and policies .

NEW HAVEN The spin doctors are hard at work talking up America s subpar economic recovery.

With rising public debt worldwide placing fiscal constraints (real and imagined) on global economic recovery, such cooperation is more urgent than ever.

While none of these shocks appears to have been severe enough to have derailed the current global recovery, the combined effect is worrisome, especially in a still weakened post crisis world.

Osborne believed, or appeared to believe, that austerity would speed up economic recovery, by restoring confidence in government finance.

Indeed, the modest economic recovery that should benefit many countries in 2013 seems to be eluding Italy.

As a result , economic activity throughout the world , including in the euro area , has weakened further .

Recalling its previous resolutions on special assistance for the economic recovery and reconstruction of the Democratic Republic of the Congo,

ECB Annual Report 2001 current juncture , conditions are in place in the euro area to ensure that a recovery will take place .

In both cases, regaining monetary sovereignty allowed a more competitive currency, which in turn increased export demand and assisted economic recovery.

Non Japan Asia 's economic performance was robust in 2003 , consolidating the recovery in 2002 .

It is up to governments to ensure that the ongoing currency re alignment supports a balanced, stable, and sustainable economic recovery.

And yet, despite these positive indicators, Spain s long term economic recovery remains far from certain.

Even without such complications, invigorating Europe s increasingly sluggish economic recovery will be no easy feat.

But central banks have stated that they do not have the policy instruments to accelerate the pace of economic recovery.

Concerned that the current global economic recovery is uneven but determined to ensure that it leads to sustained world economic growth, to sustainable development and to a durable solution of the external debt problems of developing countries,

Beyond this, advanced countries and international financial institutions should implement a comprehensive economic recovery program for the Arab countries in transition, similar to the Marshall Plan implemented after World War II.

Given that the economic recovery was expected to be only gradual , it was considered that moderate wage developments in conjunction with a cyclical recovery in productivity would contain growth in unit labour costs .

Available evidence suggests that the recovery was driven by exports , following the rebound in world trade .