971. International -- World Economic Propects
- Publication Date:
- 07-2000
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- Official attention has shifted from the need to avert recession towards the problems of managing growth. There is some evidence that higher interest rates have begun to slow the expansion to a more sustainable pace in the Anglo-Saxon economies, but it remains unclear whether the principal central banks have done enough to bring demand growth back into line with sustainable increases in supply. The markets expect any further tightening to be limited, but the current position of the monetary authorities should probably be characterised as a pause in the tightening cycle, rather than the peak.
- Topic:
- Economics and Markets