| Author: | |
| Title: | Economic trends 2001/2002: the world economy: upturn continues at a reduced pace |
| Journal: | Economic Bulletin
2001 : JAN, VOL. 38:1, p. 3-12 |
| Index terms: | WORLD ECONOMY CRISES ASIA |
| Language: | eng |
| Abstract: | Last year the world economy experienced stronger growth than for many years. As a result employment expanded significantly and unemployment fell perceptibly. The state of public finances also improved, and a number of countries even managed to record budget surpluses. In the second half of the year, though, the first signs of economic fatigue began to appear. The steep rise in the oil bill caused a loss of purchasing power in the industrialized countries. |
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