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Title:Economic Trends 2001/2002 The World Economy: Slowdown in the Industrialized Countries
Journal:Economic Bulletin
2001 : AUG, VOL. 38:8, p. 239-246
Index terms:WORLD ECONOMY
INDUSTRIAL WELFARE
TRENDS
Language:eng
Abstract:The authors of the paper state that economic activity worldwide has lot much of its dynamism. The downturn is particularly strong in the USA; in Japan, the crisis has happened. In Europe, hopes of a largely unbroken continuation of the strong upswing have been shattered. The paper covers the following subjects: 1) USA: strongly declining dynamic-economic policy on an expansionary course; 2) European Monetary Union: a speedy end to a strong upturn; 3) Marked recovery only in the coming year; 4) Fiscal policy counters recessive trends; 5) Wage trends; 6) Slight easing of monetary policy anticipated. The paper provides a great number of charts, tables and graphs on this subject.
SCIMA record nr: 229958
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