International economic outlook

Article Abstract:

Global economic growth is expected to continue for the year 1997 to 1998 with European countries projected to post accelerated growth. An economic forecast shows that European countries are expected to post an economic growth of 2.8% and 3.2% for the year 1997 and 1998, respectively. North American countries, as well as Australia and New Zealand are also being predicted to register moderate economic growth. Japan and other countries that underwent crisis or economic reforms, such as Eastern and Central European countries, are most likely to experience economic slowdown.

Europe, Asia, North America

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Uneven growth destabilizes financial markets and brings a global economic slowdown

Article Abstract:

Experts predict a dip in the world economy after a considerable expansion from 1993 to 1997. Currency crises are expected to shift from Asia to Latin America, Russia and the Central-Eastern European countries, and these would have adverse effects on world financial markets and economies of industrialized countries. Likewise, in the European Union, output growth is projected to decline from 2.6% in 1997 to 2.5% in 1998 and 2.1% in 1999, while the US may experience a reduction in its overall 1999 output growth by 2%.

Economic Views, Economic policy, Developing countries, Industrialized countries, Industrial nations

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The world economy in 2006

Article Abstract:

The world economy from 1998 to 2006 will experience continued growth while a possible global recession could prevail by the end of the century according to a baseline long-term forecast. An average annual world output rate for the same forecast period is projected to reach 3.9%. The slight change projected for the overall growth in the world economy could result in a possibly more stable growth in European economies as well as better performance in Latin America.

Fiscal policy, Monetary policy

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