We might not have to delay the start of EMU

Article Abstract:

There are indications that economies in central Europe are starting to revive as export orders rise in response to weakening currencies. Against this background, it may be premature to claim that European Monetary Union will not begin on time in 1999. If GDP growth reaches 2% or more in 1997, then the financial markets and governments of leading European Union countries will not be able to give serious consideration to postponing monetary union. However, a delay may be necessary if GDP growth is at or below the 1996 level of 1.3%.

Economic aspects, European Monetary System

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The economic fall-out from the windfall factor

Article Abstract:

Economists generally feel that consumer 'windfalls' such as tax cuts, electricity rebates and maturing TESSA accounts will not have a significant impact on consumer spending. However, this additional income could amount to 45 billion pounds sterling over 1996 and 1997, or more than 4% of personal disposable income over that period. Such a large sum will inevitably have an impact on consumer psychology, and may even influence the outcome of the next general election.

Forecasts and trends, Consumption (Economics)

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