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The world economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • • The Asia crisis will cut world trade growth by over a third in 1998.

  • • The Japanese economy will contract by 1 per cent this year, prolonging the slump in the worst affected parts of South-East Asia.

  • • A strong monetary stimulus and a restoration of confidence in the banking system are required to stimulate demand in Japan.

  • • The risk of a Chinese devaluation has risen.

  • • The EU will be the strongest performing region in the OECD in 1999 with growth of just over 2.5 per cent.

  • • US consumer price inflation will rise sharply in 1999.

Type
Articles
Information
National Institute Economic Review , Volume 165 , July 1998 , pp. 3
Copyright
Copyright © 1998 National Institute of Economic and Social Research

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