Gern, Klaus-Jürgen; Scheide, Joachim; Schlie, Markus - 1997
1998 as conditions shaping the cycle remain favorable. Real GDP in Western Europe will increase by 3 percent in 1998. Under … consequence, monetary policy in Western Europe on average will be further loosened. This will additionally stimulate economic … activity but also raise risks of inflation. The major problem in Western Europe is unemployment, which remains stubbornly high …
