Abstract
In 2004–2007, there has been a simultaneous business expansion in Europe, the United States, Japan, and China. The world’s four leading economic areas, which account for about 70 percent of global GDP, have not had a similar, simultaneous business expansion since 1972. The International Monetary Fund forecast that average GDP growth in these four states in the two-year period of 2004–2006 would be as follows: Europe (3.4%), United States (2.9%), Japan (2.7%), and China (9.7%).1
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Notes
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© 2007 David B.H. Denoon
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Denoon, D.B.H. (2007). Is the Current Recovery Sustainable?. In: The Economic and Strategic Rise of China and India. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230606869_3
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DOI: https://doi.org/10.1057/9780230606869_3
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