The economic background [March 1997]

Low, Kenneth and Ashcroft, Brian and Swales, Kim (1997) The economic background [March 1997]. Quarterly Economic Commentary, 22 (2). pp. 1-4. ISSN 0306-7866

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The US economy remains strong and there is now widespread signs of recovery in most developed economies in 1997 from the slight pause in growth in 1996. For 1997 growth is expected to be between 2-2.5% for the North Americas, Europe and the OECD Asia region. Long term interest rates are expected to remain at historically low levels due to the expectations of low levels of inflation in all three areas.