Bankers bang their drum on governments borrowing less
Article Abstract:
Many of the forces which are currently bringing about disinflation in both the developed and developing world will continue to have an influence, according to the 1997 annual report from the Bank for International Settlements (BIS). However, it is not necessarily wise to assume that the trend towards lower inflation will be sustained. BIS believes that general macroeconomic targets should be stricter, and is particularly keen to see more discipline in fiscal policy. It is not sufficient to merely stabilize government debt/GDP ratios, as they will be pushed up by the next recession.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Global deflation could provide the next big shock
Article Abstract:
It is worth taking time to consider whether a large global turning point in the very long term trends in the world economy is taking place. Some observers believe that globalization will lead to an irreversible transformation in the world economy. If this is the case, then there will be serious implications for financial markets. Other observers have looked at whether the world economy as a whole is balanced. They believe that there will probably be a trend towards disinflation. A period of disinflation could be accompanied by strong economic growth.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Dangers behind the good news on house prices
Article Abstract:
The UK will see falling inflation at both the retail and the wholesale level over the next few months. However, this will not be the case with house price inflation, which is likely to be running at 8% a year by the end of 1996. This could have risen to as much as 10% in the south-east by the end of 1997. Some observers fear that this asset price inflation could have a negative impact on current inflation.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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