Europe

Article Abstract:

The weakness of the euro has probably assisted the emerging recovery in the euro-zone by boosting competitiveness. Gross domestic product growth increased to 1% in the third quarter of 1999, from 0.6% in the second quarter of the year, while exports rose by 2.9% in the third quarter. The speeding up of economic activity is beginning to have a positive impact on the euro-zone's labour market, with the unemployment rate dropping to less than 10% in Oct 1999 for the first time since 1992.

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Japan

Article Abstract:

Consumer spending in Japan increased at an annualized rate of 5.1% in the first quarter of 1999 and 3.8% in the second quarter of 1999. The prospects for the Japanese economy depend heavily on whether this rise in consumer spending can be maintained. Unemployment dropped by 130,000 in Aug 1999 to 4.7% of the labour force, with companies coming under less pressure to reduce their workforces to boost profitability. Gross domestic product rose by 0.2% in the second quarter of 1999, despite a 4% fall in government investment.

Personal Consumption Expend, Japan

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Europe

Article Abstract:

Gross domestic product in the Euro-zone rose by 0.5% in the second quarter of 1999. Every Euro-zone country except Germany that has released information for this period has reported a rise in output growth. Euro-zone inflation rose slightly in Aug 1999 to 1.2%, but there is substantial variation between countries. It is forecast that gross domestic product growth in the Euro-zone will average 1.9% in 1999, rising to 3% in 2000.

Prices, Inflation (Finance), Inflation (Economics)

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