World Economic Outlook: A survey by the staff of the International Monetary Fund: October 1997
October 15, 1997
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
This paper presents an outlook for the world economy for 1997–98. With world output expected to expand by some 4¼ percent in both 1997 and 1998, the strongest pace in a decade, the global economy is enjoying the fourth episode of relatively rapid growth since the early 1970s. The expansion is underpinned by continued solid growth with low inflation in the United States and the United Kingdom; a strengthening recovery in Canada; a broadening of recovery across continental western Europe, notwithstanding persistent weakness in domestic demand in some of the largest countries.
Subject: Currencies, Exchange rate arrangements, Exchange rate flexibility, Exchange rates, Foreign exchange, Inflation, Money, Prices
Keywords: advanced economy, Africa, balance of payments, Central and Eastern Europe, central bank, China, country, Currencies, deutsche mark, Eastern Europe, EMU member, EU economy, Europe, exchange rate, Exchange rate arrangements, Exchange rate flexibility, Exchange rates, foreign currency, Inflation, Middle East, net debtor countries, state enterprise, trade balance, U.S. dollar, WEO, Western Hemisphere
Pages:
234
Volume:
1997
DOI:
Issue:
002
Series:
World Economic Outlook No. 1997/002
Stock No:
WEOEA0021997
ISBN:
9781557756817
ISSN:
0256-6877
