World Economic Outlook, May 1997: Globalization: Opportunities and Challenges
May 15, 1997
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This paper presents an outlook for the world economy for 1997. The paper highlights that the world economic growth quickened during 1996 following widespread deceleration of activity in 1995. Economic and financial conditions are generally propitious for the global expansion to continue in 1997 and the medium term at rates at least matching those seen during the past three years. The paper underscores that in many countries, structural reforms are enhancing the role of market forces and thereby strengthening the basis for sustained, robust growth.
Subject: Balance of payments, Economic sectors, Employment, Foreign direct investment, Inflation, Labor, Manufacturing, National accounts, Personal income, Prices
Keywords: advanced economy, Central and Eastern Europe, consumer confidence, developing country, East Asia, Eastern Europe, economic growth, economic system, economy, Employment, Europe, Foreign direct investment, Global, industrialized economy, Inflation, Manufacturing, market, Personal income, transition country, WEO, world economy
Pages:
218
Volume:
1997
DOI:
Issue:
001
Series:
World Economic Outlook No. 1997/001
Stock No:
WEOEA0011997
ISBN:
9781557756480
ISSN:
0256-6877
Notes
Earlier editions are available.
