Recovery of the World Economy
With the turmoil on the international financial markets calming down, signs of an incipient recovery can be seen in those economies that had been hit worst. The enormous drain of capital from the emerging markets has been stopped or even reversed in some cases, especially in the developing and newly industrialised countries of South-east Asia. Latin America is still suffering from the effects of its tumultuous financial market, but recent cuts in interest rates can be regarded as a stabilising factor for its economy. The outlook for Russia continues to be gloomy; business surveys within the EU, however, point towards stabilising confidence, after a temporary halt in GDP growth. The USA continued its strong growth, fuelled by booming private demand in the first quarter, with no sign of any significant slowdown in the near future. The only factor that could perceivably dampen its economic performance is the risk of the Fed raising interest rates in response to the recent turnaround in the inflation trend.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 72 (1999)
Issue (Month): 6 (June)
|Contact details of provider:|| Postal: Arsenal Object 20, A-1030 Wien|
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
|Order Information:|| Postal: Austrian Institute of Economic Research Publikationsverkauf und Abonnentenbetreuung Arsenal, Objekt 20 A-1030 Vienna/Austria|
When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:1999:i:6:p:395-403. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz)
If references are entirely missing, you can add them using this form.