Africa: international economy
Article Abstract:
Economic growth is expected to continue in sub-Saharan Africa during 1997 as many countries undertake stabilisation and structural reforms. Further favourable performance is particularly expected to come from Kenya, Uganda and Tanazania, helped by the creation of the Commission for East African Co-operation. South Africa is likely to to see overall growth lower in 1997, and the economy will grow at below the targets of the Growth, Employment and Redistribution strategy. Economic growth in Egypt is expected to accelerate in 1997 helped by domestic and overseas investor sentiment, and the impact on the Moroccan economy of crop damage due to high rainfall are expected to be small. There is continued interest in Algeria's hydrocarbon sector which has been relatively unaffected by domestic unrest.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1997
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North America: International economy
Article Abstract:
Rate of growth in north America rose slightly to 2.5% during 1996, with consumer price inflation averaging 2.9%. However the poor weather conditions had an adverse effect on the first quarter, and fiscal policy will continue to restrain growth. There was a divergence between the headline and core rates of inflation and there are conflicting views about the future path of interest rates. The economy is expected to grow above a sustainable rate during the first half. The US dollar has temporary cyclical factors in its favour and the Canadian dollar has improved following the recent re-appraisal of Canadian economic fundamentals.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1997
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North America
Article Abstract:
The North American economy has seen record levels of consumer confidence and job creation has been strong, while asset values have been buoyant. Export-sensitive and manufacturing areas are showing some signs of slackening. Overall inflation is 1.7% dropping to 0.2% for commodities and rising to 2.7% for services in Jun 1998. Interest rates were not changed in Jun and Jul 1998. A federal budget surplus is forecast for 1997 to 1998. The Canadian dollar is weak in relation to the US dollar, and the Bank of Canada prefers not to raise interest rates further.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1998
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