After the fall

Article Abstract:

The American economy is expected to slow down in late 1997 in reaction to central bank's tightening of Feds fund rate to 5.5% on March 25, 1997. The addition of 25 basis points to Fed funds rate was intended to prevent high inflationary reaction that often follows an economy that grows too fast for too long. GDP growth is expected to slow down from the present 3% to about 2% by the end of 1997. Inflation will be at about 2.5% to 3% for 1997 while year-end unemployment is projected to increase to 5.3%. Meanwhile, the possibility of an economic recession is not being discounted as the outcome depends entirely on how the economy will respond to the recent Fed tightening.

Federal Funds Rate, Economic policy, Statistics, Inflation (Finance), Central banks, Financial markets, Monetary policy, Federal funds market (United States), Inflation (Economics)

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Exports go missing

Article Abstract:

US exports for 1998 might fall as low as 50% of 1997 due to the worsening economic condition in Asia but US personal consumption expenditure increased in October 1997 to 0.5% from September 1997. Trade deficit is not expected to affect the economy because US imports product only if it can save capital by doing so. But US recession in 1999 is possible due to the weakening of Japan's banking system, along with other reasons. It is the IMF's financial and economic strategies regarding Asia's economic problem which might help recover the economies of Asia and the US.

Exports of Goods & Services, Evaluation, Exports, Asia, International trade

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Off to a strong start

Article Abstract:

Major issues facing the economy will largely shape economic conditions in 1999, such as consumer spending, monetary policy and developments concerning the Year 2000 date change problem. Although the economy had a good start in 1999, a temporary slowdown is projected in late spring and summer. The economy, however, is predicted to be on solid ground by the yearend. A sustained increase in exports is also projected starting in late 1999, following a decline in the middle of the year.

United States

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