Europe
Article Abstract:
There are signs that economic recovery in Europe is starting to falter, with slower growth in 3rd qtr 1998 for countries taking part in European monetary union than in 2nd qtr 1998. Exports and corporate spending are weakening though consumer confidence is high and unemployment is dropping. There is uncertainty about the extent of the slowdown, and domestic demand could be affected if consumer confidence is hit. European interest rates may be reduced. The Euro has dropped in value though it is likely to strengthen if there is a slowdown in the US economy.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1999
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World
Article Abstract:
Real GDP increased by 3.1% in the European Union during the first three months of 1998, with France and Germany both enjoying economic growth. Inflation has decreased across most of Europe, especially in Spain, Greece and Italy and the recovery in Europe is expected to continue. Both unemployment and inflation levels in the United States have fallen, while the Japanese economy has headed into a recession. ASEAN countries' economies have started to stabilize but they are affected by changes in the Yen. Unemployment in South Korea is now 7%.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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