Executive summary
Article Abstract:
Growth has been strong in the US and the UK, with unemployment falling, compared to other major industrialised countries, and this is expected to continue in 1997. The strong growth reflects increased consumer demand supported by rising business investment. Major continental European economies have tightened fiscal policy to reduce their government deficits. Uncertainty surround the UK forecast focuses on the pound, the impact of windfall gains, the improvement in domestic demand and the expected change of government.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1997
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Executive summary
Article Abstract:
The world's economy does not appear to have been badly affected by the economic crisis in Asia. Falling oil and commodity prices have kept inflation low and increased incomes in the US and Western Europe. Real bond yields have also fallen. However, Japan's economy has worsened. GDP probably fell in the three months to June 1998 and it will continue to fall by another 2%. The UK economy appears to be slowing because of the strength of the pound and high interest rates. Business confidence is very low.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1998
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Executive summary
Article Abstract:
The improving performance of the British economy is being led by consumer spending and there is steady growth at about 3.5% a year. Stronger growth is forecast with GDP expected to rise by 3.3% in 1997 and 2.8% in 1998. Continued low inflation the labour market are discussed in more detail. The US saw strong growth in the second quarter, but little growth is expected in the third quarter. Growth of 3.8% is forecast for Japan in 1996, although the August Tankan survey was worse than expected..
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1996
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