, Volume 34, Issue 1, pp 47–52 | Cite as

World economic situation remains precarious

  • Günter Weinert
Economic Trends


Global production increased at a rate of just 2% in 1998, half the previous year's growth. The USA and the EMU member countries in particular were spared a recession thanks to robust domestic demand. With continuing volatility on the financial markets, the world economic situation remains precarious.1 How can we expect the world economy to develop in the next two years?


Interest Rate Monetary Policy World Economy Fiscal Policy Commodity Price 
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  1. 1.
    For an in-depth analysis of economic developments see G. Weinert, E. Wohlers et al.: HWWA Report No. 188, 1999.Google Scholar

Copyright information

© HWWA and Springer-Verlag 1999

Authors and Affiliations

  • Günter Weinert
    • 1
  1. 1.Hamburg Institute for Economic Research (HWWA)HamburgGermany

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