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31. EU—Membership Indecision

Author:
Oxford Analytica
Publication Date:
09-1999
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The attractions of the single european currency are likely to draw the Scandinavian countries into the euro-area by around 2003. However, the outlook for United Kingdom accession is complicated by differences in its economic profile compared with the rest of the euro-area, combined with its enduringly euro-sceptical public opinion. These factors are likely to postpone its accession until later in the decade.
Topic:
Economics and International Trade and Finance
Political Geography:
United Kingdom and Europe

32. United States -- Economic Slowdown?

Author:
Oxford Analytica
Publication Date:
07-1999
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
In recent weeks, economic data has produced conflicting signals about the strength of domestic demand within the US economy. A majority within the Federal Open Market Committee (FOMC) believes that growth will decelerate and that only a small tightening of monetary policy will be necessary in the short term. However, the Federal Reserve has consistently underestimated domestic demand, and there are signs that the economy is still buoyant. Moreover, with improving economic prospects in Europe and Asia, the external forces encouraging lower US interest rates are likely to be reversed. The combination of these factors could put pressure on the Fed to tighten further.
Topic:
Economics
Political Geography:
United States, Europe, and Asia