World Economic Outlook, May 1997: Globalization: Opportunities and Challenges

World Economic Outlook, May 15, 1997

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World Economic Outlook, May 1997: Globalization: Opportunities and Challenges

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Bibliographic details

• Published: May 15, 1997
• Series: World Economic Outlook
• DOI: https://doi.org/10.5089/9781557756480.081

Outlook for the world economy (1997 and medium term)

• The paper presents an outlook for the world economy for 1997.
• 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.
• In many countries, structural reforms are enhancing the role of market forces and thereby strengthening the basis for sustained, robust growth.

Major themes and substantive findings

• Growth dynamics:
  • 1996: world economic growth quickened after widespread deceleration in 1995.
  • 1997 and medium term: conditions supportive of continued global expansion at rates at least matching those seen during the past three years.
• Structural reforms:
  • Reforms in many countries are enhancing the role of market forces.
  • These reforms are cited as strengthening the basis for sustained, robust growth.
• Coverage (subjects and keywords):
  • Subjects: 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.

References

• https://www.imf.org/en/publications/weo
• United States and the IMF
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• Balance of payments
• Economic sectors
• Employment
• Foreign direct investment
• Inflation
• Labor
• Manufacturing
• National accounts
• Personal income
• Prices
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