Executive summary
Article Abstract:
US and United Kingdom economic growth looks set to slow in 1998, and Japan and mainland Europe will become more important in contributing to world economic growth. There is little evidence that US productivity is rising enough to allow higher growth with no inflation. Meanwhile, UK growth looks set to slow for a number of reasons, and a soft landing appears likely. Financial instability in Asia is likely to affect industrialized economies. European monetary union contributes to uncertainties though a smooth transition appears likely.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1997
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UK assessment
Article Abstract:
The UK economy is undergoing a significant revival. Services output rose by 0.6% in the second quarter of 1999, when gross domestic product also increased by 0.6%. Some observers fear that economic recovery will be too strong, bringing inflationary pressures. It seems likely that interest rates of 6.5% will be sufficient to prevent economic overheating and ensure that inflationary pressures remain under control.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1999
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UK assessment
Article Abstract:
The effect of rising petroleum prices on the British economy is examined in detail in terms of prices and growth.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 2000
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