International economy

Article Abstract:

Industrialised countries in the Organization for Economic Co-operation and Development (OECD) are seeing the start of an increase in production. Output looks set to rise by more than 2.5% for 1995 and 1996. Inflation is forecast to rise to a little more than 3% in 1996 from a little less than 2.5% in 1994. European economic recovery looks set to continue, while the US economy is undergoing a slowdown. There is concern over the possibility of a trade war between the US and Japan.

Organization for Economic Cooperation and Development

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International economy

Article Abstract:

The prospects for economic growth in developing countries now seem less favourable than they did in autumn 1998. Commodity prices are likely to remain low in 1999, bringing economic problems for countries dependent on commodities. In contrast, the economic prospects for developed countries are more positive. Overall, world economic growth is predicted to decline to just over 1.5% in 1999, with a slight recovery anticipated in 2000.

Forecasts and trends, Developing countries, Economic development

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International economy

Article Abstract:

Economic growth in the developed countries is unlikely to rise above 1% in 1992. The two main factors are financial deregulation leading to more credit and the costs of German reunification. Slow recovery is seen as likely. The developed countries will be looking to grow and waiting for inflation rates to lower. Current account surpluses and deficits will also be important as will interest rates and exchange rates.

Statistics, Economic forecasting

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