North America

Article Abstract:

The US is seeing continued growth in gross domestic product (GDP), with year-on-year growth up by 3.5% or over for 12 consecutive quarters, counting 1st qtr 1999. Inflation has dropped, and the length of the expansion period, with subdued inflation do appear to mark a change. This means that there may be less need for monetary authorities to be concerned about stock markets. There is still concern that some factors which have led to this scenario are only temporary, and could be reversed. They include the strength of the US dollar. Meanwhile, strong demand from the US has benefited the Canadian economy.

Prices, United States, Analysis, United States economic conditions

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Western Europe

Article Abstract:

Economies in Western Europe have seen moderate growth in 1st qtr 1999. Exports have dropped in volume terms, while household spending and capital investment have both increased. Germany and Italy have grown less strongly than some other countries in the region such as Spain and the Netherlands. Low inflation and low interest rates should foster growth, and a drop in the value of the euro currency should also help growth. Inflation has been low, which has justified low interest rates.

Interest Rates, Economic aspects, Economic policy, European Union, Western Europe

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