The economic background [June 1997]

Low, Kenneth and Ashcroft, Brian and Swales, Kim (1997) The economic background [June 1997]. Quarterly Economic Commentary, 22 (3). pp. 1-6. ISSN 0306-7866

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The international environment is one of increased growth mainly due to a rise in world trade. The recovery is quite strong and growth is seen across the globe. Japan has the strongest growth primarily due to the depreciation of the Yen and the government's expansionary policy. The importance of Asian markets to world trade and hence growth cannot be underestimated.