This paper presents an outlook for the world economy for 1997. The paper highlights that the 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. The paper underscores that in many countries, structural reforms are enhancing the role of market forces and thereby strengthening the basis for sustained, robust growth.Payments difficulties led to a sharp initial fall in ruble-denominated trade among the newly independent states of the CIS. The fall in ... Primary commodities and semimanufactures, however, still account for 40-50 percent of Chart 42. Countriesanbsp;...
|Title||:||World Economic Outlook, May 1997|
|Author||:||International Monetary Fund. Research Dept.|
|Publisher||:||International Monetary Fund - 1997-05-15|