Author: | |
Title: | Developments in selected non-OECD countries |
Journal: | OECD Economic Outlook
1997 : DEC, 62, p. 137-147 |
Index terms: | ECONOMIC INDICATORS ASIA EUROPE, EAST SOUTH AMERICA BALTIC COUNTRIES CIS |
Language: | eng |
Abstract: | The over-all economic situation in a number of central and eastern European countries seems a bit stronger in the second half of 1997 than in 1996. In Russia, the prolonged GDP decline may finally be over. The economies e.g. of the Baltic countries continue to grow. The financial turbulence which has swept over the Dynamic Asian Economies (or DAEs) has strongly affected the current economic situation as well as short-term projections for this region. In Central and South Americas, economic growth picked up during 1997, while inflation remained low or even declined. In most countries, import growth has run ahead of the GDP growth, widening current account deficits. |
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