[eng] Everywhere in the industrialised world, monetary and financial obstacles to economic growth still persist today. The situation is all the more unsettled as tentative cooperation has been replaced by confrontation in international relationships. In the USA, the recovery has been a typical...

[eng] The slowdowns that had started in 1989 had been disrupted by two sorts of events. On one hand they had been magnified by the Gulf crisis ; on the other one they had been weakened or delayed in some european countries by the reunification of Germany. Today the worse is behind us. 1992 will...

[eng] At the end of July, most industrialised countries were already on the path of a downturn. Japan and Germany were exceptions in that respect : a slowdown was only anticipated at the beginning of 1991, when the exceptional stimulus to their internal demands would have faded. In many european...

[eng] The Respite Département des diagnostics de l'OFCE Following the upheavals of 1986, 1987 has so far been somewhat calmer. The depreciation of the dollar came to an end. The price of oil has come back to 18 $/bl and stabilised. Slow economic growth has continued in the major industrialised...

[eng] The rescheduling of external debt, which has marked 1983, has imposed greater restraint on many LDCs, thus reducing their imports. The consequent fall in world demand could be partly offset by the recovery in US imports, the impact of the federal budget being reinforced in the short term...

[eng] The recovery of économie activity in OECD countries, which started in the spring of 1987, continued through the second half of 1988. It was boosted by the international trade of manufactured goods, which has been growing at an annual rate of 11 % since mid-1987 (in volume terms). Thèse...

[eng] Though Europe is indeed going through an activity slowdown, it could stand as the most dynamic area during the next two years. It will probably benefit from the opening of eastern Europe whereas the United States, still entangled in their twin deficits, are reaching the end of business...