World Economic Outlook: A survey by the staff of the International Monetary Fund: October 1997

October 15, 1997

Preview Citation

Format: Chicago

World Economic Outlook: A survey by the staff of the International Monetary Fund: October 1997, (USA: International Monetary Fund, 1997) accessed November 22, 2024

Summary

This paper presents an outlook for the world economy for 1997–98. With world output expected to expand by some 4¼ percent in both 1997 and 1998, the strongest pace in a decade, the global economy is enjoying the fourth episode of relatively rapid growth since the early 1970s. The expansion is underpinned by continued solid growth with low inflation in the United States and the United Kingdom; a strengthening recovery in Canada; a broadening of recovery across continental western Europe, notwithstanding persistent weakness in domestic demand in some of the largest countries.

Subject: Currencies, Exchange rate arrangements, Exchange rate flexibility, Exchange rates, Foreign exchange, Inflation, Money, Prices

Keywords: Advanced economy, Africa, Balance of payments, Central and Eastern Europe, Central bank, China, Country, Currencies, Deutsche mark, Eastern Europe, EMU member, EU economy, Europe, Exchange rate, Exchange rate arrangements, Exchange rate flexibility, Exchange rates, Foreign currency, Inflation, Middle East, Net debtor countries, State enterprise, Trade balance, U.S. dollar, WEO, Western Hemisphere

Publication Details

Pages:

234
Volume:

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DOI:

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Issue:

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Series:

World Economic Outlook No. 1997/002
Stock No:

WEOEA0021997
ISBN:

9781557756817
ISSN:

0256-6877

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