English, Article edition: Economic Recovery in the United States, Lower Growth in West Germany and Japan. Medium-term Outlook for the World Economy Stephan Schulmeister

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Bookmark: http://trove.nla.gov.au/version/151852
Physical Description
  • article
Language
  • English

Edition details

Title
  • Economic Recovery in the United States, Lower Growth in West Germany and Japan. Medium-term Outlook for the World Economy
Author
  • Stephan Schulmeister
Physical Description
  • article
Notes
  • The West German economy is forecasted to grow by slightly less than 1½ percent per year until 1998; the restrictive stance of both monetary and fiscal policies will depress economic activity not only in 1994 and 1995 but also will tend to reduce the medium-term growth potential. Activity in other European industrialized economies is likely to expand more rapidly (+2½ percent) as fiscal policy in these countries follows a less restrictive course than in Germany. A decline in interest rates and in the exchange rate of the dollar as well as a fiscal policy aimed at reducing the budget deficit in the medium – but not in the short – term should boost the growth rate of the U. S. to 2½ percent per year. In Japan, however, the medium-term growth rate is expected to drop markedly.
  • Belebung in den USA, Abschwächung in Westdeutschland und Japan. Mittelfristprognose der Weltwirtschaft bis 1998; Economic Recovery in the United States, Lower Growth in West Germany and Japan. Medium-term Outlook for the World Economy
  • RePEc:wfo:monber:y:1994:i:3:p:147-162
Language
  • English
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