EconPapers    
Economics at your fingertips  
 

The World Economy

Julian Morgan, Nigel Pain and Florence Hubert

National Institute Economic Review, 1997, vol. 159, 28-56

Abstract: There are now widespread signs that activity in the world economy has begun to recover steadily from the pause in growth apparent at the beginning of 1996. Output rose by 0.6 per cent in the North American economies in the third quarter of last year and by 0.8 per cent in Europe. Business and consumer sentiment has improved gradually in recent months in most of the major economies. We expect world economic growth to pick up further over the course of this year as the contractionary effects from the downturn in world trade and prolonged inventory adjustment come to an end and as the effects from a more relaxed monetary stance begin to outweigh those from ongoing fiscal consolidation. Recent currency movements should help to stimulate external demand in Germany, France and Japan, but may act to constrain growth within the UK, Italy and the US. For both this year and 1998 we expect growth of around 2½ per cent per annum in the OECD economies.

Date: 1997
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
Journal Article: The World Economy (2000) Downloads
Journal Article: The World Economy (2000) Downloads
Journal Article: The World Economy (2000) Downloads
Journal Article: The World Economy (2000) Downloads
Journal Article: The world economy (1999) Downloads
Journal Article: The world economy (1999) Downloads
Journal Article: The world economy (1999) Downloads
Journal Article: The world economy (1999) Downloads
Journal Article: The World Economy (1998) Downloads
Journal Article: The World Economy (1998) Downloads
Journal Article: The world economy (1998) Downloads
Journal Article: The world economy (1998) Downloads
Journal Article: The World Economy (1998) Downloads
Journal Article: The World Economy (1998) Downloads
Journal Article: The world economy (1998) Downloads
Journal Article: The World Economy (1997) Downloads
Journal Article: The World Economy (1997) Downloads
Journal Article: The World Economy (1997) Downloads
Journal Article: The World Economy (1997) Downloads
Journal Article: The World Economy (1997) Downloads
Journal Article: The World Economy (1997) Downloads
Journal Article: The World Economy (1997) Downloads
Journal Article: The World Economy (1996) Downloads
Journal Article: The World Economy (1996) Downloads
Journal Article: The World Economy (1996) Downloads
Journal Article: The World Economy (1996) Downloads
Journal Article: The World Economy (1996) Downloads
Journal Article: The World Economy (1996) Downloads
Journal Article: The World Economy (1996) Downloads
Journal Article: The World Economy (1995) Downloads
Journal Article: The World Economy (1995) Downloads
Journal Article: The World Economy (1995) Downloads
Journal Article: The World Economy (1995) Downloads
Journal Article: The World Economy (1995) Downloads
Journal Article: The World Economy (1995) Downloads
Journal Article: The World Economy (1995) Downloads
Journal Article: The World Economy (1995) Downloads
Journal Article: The World Economy (1994) Downloads
Journal Article: The World Economy (1994) Downloads
Journal Article: The World Economy (1994) Downloads
Journal Article: The World Economy (1994) Downloads
Journal Article: The World Economy (1994) Downloads
Journal Article: The World Economy (1994) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:159:y:1997:i::p:28-56_3

Access Statistics for this article

More articles in National Institute Economic Review from National Institute of Economic and Social Research Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. Contact information at EDIRC.
Bibliographic data for series maintained by Kirk Stebbing ().

 
Page updated 2025-03-19
Handle: RePEc:cup:nierev:v:159:y:1997:i::p:28-56_3