aiece working group on foreign trade coe chambre de commerce et d industrie paris cpb netherlands bureau for economic policy analysis the hague dulbea département économie appliquée bruxelles ikchz research institute warsaw insee institut national la statistique des études économiques isae istituto di studi e analisi economica roma kopint and market budapest report autumn 2006 gerard van welzenis 2 stolkweg 14 po box 80510 2508 gm telephone 31 70 338 33 80 telefax 50 internet www nl 3 table of contents summary 4 1 current trends prospects world economy 5 softer housing will decelerate us growth deflation era in japan ends china powers upswing euro area gathers speed but slowdown at hand 6 new member states eu perform well 7 risks to outlook 8 merchandise volumes 9 overall
