The World Economy

Ray Barrell, Julian Morgan, Nigel Pain and Florence Hubert

National Institute Economic Review, 1997, vol. 162, 25-55

Abstract: Global growth appears to have been relatively strong during the last year. In the Anglo-Saxon world the economic expansion has now lasted six years. Growth in continental Europe also now appears to be relatively robust, after a significant slowdown in the first half of last year. The OECD economies are projected to grow by around 3 per cent this year. Despite this, there continues to be little evidence of emerging inflationary pressures. We anticipate that OECD inflation will average around 2 per cent in 1997, some 2–2½ percentage points lower than in the equivalent upswing in the late 1980s.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:162:y:1997:i::p:25-55_3

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