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WORLD OUTLOOK
Publication year - 1995
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/j.1468-0319.1995.tb00037.x
Subject(s) - pace , economics , inflation (cosmology) , warrant , optimism , economic recovery , keynesian economics , development economics , economic policy , monetary economics , macroeconomics , international economics , finance , psychology , social psychology , physics , geodesy , theoretical physics , geography
After a period of optimism over world recovery the pendulum has swung to concern that recovery may be faltering. We see little new evidence to support this view. Our central assessment remains that this concern is overdone and that, although the repercussions of the Mexican crisis may dampen growth prospects temporarily, the outlook is for sustained growth combined with continued low inflation. The underlying pace of recovery is still sufficiently fast to warrant further monetary tightening in most of the industrial economies.