Working Paper 16-04 - The NIME Economic Outlook for the World Economy 2004 - 2010 (Also in this issue: oil price shocks)

This Working Paper presents a medium-term macro-economic outlook for the major economic areas of the world. The outlook is produced using nime, the Belgian Federal Planning Bureau's macro-econometric world model. The Working Paper also features an assessment of the effects of a permanent 25 percent increase in the price of oil, a description of the nime model, and an appendix outlining the major technical assumptions of the outlook.