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Section II. Prospects for North America and Japan

Published online by Cambridge University Press:  26 March 2020

Nigel Pain
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Extract

Recent economic data indicate that the momentum of the present cyclical expansion in the United States continues to be stronger than widely expected at the beginning of last year. GDP is provisionally estimated to have risen by around 3¾ per cent in 1998, with domestic demand rising by 5 per cent. The last three years have all now seen output growth of 3½-4 per cent with high resource utilisation but low, and declining, price inflation.

Type
Articles
Information
National Institute Economic Review , Volume 167 , January 1999 , pp. 41 - 49
Copyright
Copyright © 1999 National Institute of Economic and Social Research

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