enough and, at times, was even restrictive. Whereas the U.S. economy is nearly at full capacity, output in the euro area …

verbessert; Wachstumsraten wie in den achtziger Jahren sind jedoch nicht zu erwarten. In China wird sich das Wirtschaftswachstum … report deals with two questions: Has the Japanese economy overcome the long period of deflation and stagnation? Will the … Chinese economy be able to continue the high growth of recent years? The Japanese economy has made great progress in solving …

the fragility of the German economy. Hence, economic policies have to go beyond (necessary) short-term crisis management …