search query: @indexterm economic analysis / total: 390
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| Author: | |
| Title: | Vor einer Besserung der Konjunktur in den Industrieländern |
| Journal: | Weltwirtschaft
1996 : FEB, 1, p. 1-28 |
| Index terms: | ECONOMIC ANALYSIS ECONOMIC FORECASTING WORLD ECONOMY |
| Language: | ger |
| Abstract: | Weakness in industrial countries only transitory. The recovery has come practically to a halt in the course of 1995; in the final quarter, real GDP stagnated. One reason for this slowdown was the impulses from monetary policy weakened since 1994. In western Europe, central banks pursued a more or less neutral course whereas the US-Federal Reserve Bank followed a restrictive stance. Another dampening factor was the increase in long-term interest rates during 1994. Consequently, the upturn lost momentum, capacity utilization declined and unemployment went up in several countries. Inflation remained moderate in the industrial countries as a whole. Pause in the recovery, no recession. Renewed acceleration ahead. |
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