## IMF World Economic Outlook (WEO), Safeguarding Macroeconomic Stability at Low Inflation, October 1999 -- Contents

_World Economic Outlook, September 22, 1999_

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## Bibliographic details
- Published: September 22, 1999
- Series: World Economic Outlook

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### Purpose and scope of the World Economic Outlook (as stated)
- Presents the IMF staff’s analysis and projections of economic developments:
  - at the global level,
  - in major country groups (classified by region, stage of development, etc.),
  - and in many individual countries.
- Focuses on major economic policy issues and on analysis of economic developments and prospects.
- Usual schedule: prepared twice a year as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF’s global surveillance activities.

### Front matter and supporting material
- Contents sections listed:
  - Assumptions and Conventions
  - Further Information and Data
  - Preface
- Appendix: Year 2000 Contingency Planning (listed under Chapter I)
- Annex: Summing Up by the Chairman
- Statistical Appendix includes:
  - Assumptions
  - Data and Conventions
  - Classification of Countries
  - List of Tables
  - Output (Tables 1–7)
  - Inflation (Tables 8–13)
  - Financial Policies (Tables 14–21)
  - Foreign Trade (Tables 22–26)
  - Current Account Transactions (Tables 27–32)
  - Balance of Payments and External Financing (Tables 33–37)
  - External Debt and Debt Service (Tables 38–43)
  - Flow of Funds (Table 44)
  - Medium-Term Baseline Scenario (Tables 45–46)
  - World Economic Outlook and Staff Studies for the World Economic Outlook, Selected Topics, 1992–99

### Chapter-level organization and key thematic headings
- Chapter I. World Economic Outlook and the Challenges of Global Adjustment
  - Macroeconomic Stability and the Forces of Globalization: Lessons from the 1990s
  - The Inevitable U.S. Slowdown and Adjustment
  - Japan: Recovery in Sight?
  - Securing a Lasting Revival of Growth in Europe
  - Emerging Market Economies in Asia and Latin America: Ensuring Sustainable Recoveries
  - Middle East and Africa: Varying Responses to Adjustment Pressures
  - After a Decade of Transition: Widening Gaps Between Strong and Weak Performers
  - Appendix: Year 2000 Contingency Planning
  - Boxes: 1.1–1.5 (titles listed in source)
  - Tables: Overview of the World Economic Outlook Projections; Selected Economies: Current Account Positions; Advanced Economies: Real GDP, Consumer Prices, and Unemployment; Major Industrial Countries: General Government Fiscal Balances and Debt; Selected Developing Countries: Real GDP and Consumer Prices; 1.6; 1.7
  - Figures: Global Indicators; Financing Conditions for Emerging Markets; Selected European Countries, Japan, and the United States: Indicators of Consumer and Business Confidence; Y2K Interest Rate Spike

- Chapter II. From Crisis to Recovery in the Emerging Market Economies
  - Improving Financial Conditions
  - Patterns of Recovery in Asia and Latin America
  - Structural Reform Requirements in Crisis-Hit Asian Economies: Conditions for a Durable Recovery
  - Russia and Neighboring Countries in Transition: Prospects for Recovery and Reform
  - Boxes: 2.1–2.8 (titles listed in source)
  - Tables/Figures referenced in source: Gross Private Financing to Emerging Market Economies; Emerging Market Economies: Net Capital Flows; Financial Sector Restructuring; Russian Federation: Macroeconomic Indicators, 1996–99; Countries in Transition: Average Annual Growth Rates in 1994–98, and 1998 GDP Per Capita in U.S. Dollar Purchasing Power Parity Terms; Countries in Transition: Structural Reform Indicators, 1994–98 Averages; 2.7; Selected Emerging Market Economies: Short-Term Interest Rates; Selected Emerging Market Economies: Bilateral U.S. Dollar Exchange Rates; Emerging Market Economies: Equity Prices; Selected Emerging Market Countries: Eurobond Yield Spreads and Brady Bond Spreads; Selected Emerging Market Economies: Real GDP; Selected Asian and Latin American Economies: Real Effective Exchange Rates; Selected East Asian and Latin American Countries: Bank Credit to the Private Sector and Total External Debt, 1998; 2.8

- Chapter III. Growth Divergences in the United States, Europe, and Japan: Trend or Cyclical?
  - Assessing the Sustainable Level of Output
  - The United States: Will the Good Times Endure?
  - Japan: Why the Decade of Lost Growth May Be an Aberration
  - Can Europe Grow Faster?
  - Alternative Scenarios: Harder Landing or Higher World Growth?
  - Boxes/tables: 3.1–3.12 (titles listed in source)
  - Figures referenced: United States, the Euro Area, and Japan: Economic Performance Indicators; United States, the Euro Area, and Japan: Vintages of Potential Output Growth and Output Gaps; United States, the Euro Area, and Japan: Output Per Employee and Per Head of Population; United States: Output, Labor Productivity, and Inflation in Recent Expansions; 3.5–3.11

- Chapter IV. The Achievement of Reasonable Price Stability
  - Can Inflation Be Too Low?
  - Price Stability and Macroeconomic Stability
  - Asset Prices and Monetary Policy
  - Boxes/tables: 4.1–4.8 (titles listed in source)
  - Figures referenced: Selected Countries: Measurement Bias in the Consumer Price Index; Deflation and Output Growth; Pronounced Changes in Real Equity Prices; Selected Countries: Illustrative Examples of Potential Stock Market Overvaluation (First Quarter, 1999); Selected Countries: Correlation of Equity Price Inflation and Goods Price Inflation; Industrial Countries: Consumer Price Inflation; Hypothetical Distribution of Nominal Wage Increases; Selected Countries: Short-Term Interest Rates; Industrial Countries: Output Gap and Inflation; Comparison of Two Stock Market Crashes; Selected Countries: Stock Prices; Selected Countries: Measures of Stock Market Valuation; Selected Countries: Net Financial Balances; Global Liquidity

- Chapter V. Trends and Issues in the Global Trading System
  - Trends in Trade and Policies
  - Current Issues and the New Round
  - Table and figures: 5.1–5.3 (titles listed in source)

- Chapter VI. Growth in Sub-Saharan Africa: Performance, Impediments, and Policy Requirements
  - Past Growth in SSA Countries and Its Relationship to Policies
  - Improving SSA's Growth Performance Further
  - The Path to Sustained Growth
  - Box: 6.1 (Africa and World Trends in Military Spending)
  - Tables/figures: 6.2–6.5 (titles listed in source)
  - Comparative items: Sub-Saharan Africa and Other Developing Country Groups: Education and Health; External Performance; Quality of Governance, Institutions, and Public Services; Financial and Infrastructure Indicators; Selected Debt Sustainability Indicators; Growth, Investment, and Saving; Inflation and Fiscal Balance

### Boxes, tables, and figures indexing (selected labels preserved)
- Boxes enumerated across chapters: 1.1–1.5; 2.1–2.8; 3.1–3.12; 4.1–4.8; 5.1–5.3; 6.1–6.5
- Statistical tables enumerated in the Statistical Appendix: Tables 1–46 (grouped by topic as listed above)

*IMF World Economic Outlook (WEO), Safeguarding Macroeconomic Stability at Low Inflation, October 1999 — Contents*

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## References

- [World Economic Outlook, September 1999](http://www.imf.org/external/pubs/ft/weo/1999/02/index.htm)
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_Source: https://www.imf.org/en/publications/weo/issues/2016/12/31/safeguarding-macroeconomic-stability-at-low-inflation_