International Slowdown Poses New Challenges to Economic Policymakers
The economic crisis in Asia has resulted in a markedly more severed recession in those countries most affected than had been expected in the spring of 1998. Japan slid into a state of deflation and is engulfed in the deepest recession in the post-war period (1998 real GDP –2.5 percent); this development is the result of its close trade links to Asia and the weakness of its domestic demand, which suffers from the pessimism prevalent among households and investors.
Year of publication: |
1998
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Authors: | Marterbauer, Markus |
Published in: |
WIFO Monatsberichte (monthly reports). - Österreichisches Institut für Wirtschaftsforschung (WIFO), ISSN 0029-9898. - Vol. 71.1998, 12, p. 821-830
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Publisher: |
Österreichisches Institut für Wirtschaftsforschung (WIFO) |
Subject: | Wachstumsabschwächung stellt internationale Wirtschaftspolitik vor neue Herausforderungen | International Slowdown Poses New Challenges to Economic Policymakers |
Description of contents: | Abstract [wifo.ac.at] |
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