III Policies for Stronger Noninflationary Growth in Industrial Countries
Author:
International Monetary Fund. Research Dept.
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Language:
English
Print Publication Date:
30 May 1993
Keywords:
WEO; country; developing country; exchange rate; stimulus package; GDP deflator; debt-service cost; potential GDP; deutsche mark; Budget planning and preparation; Government debt management; Inflation; Europe

Abstract

In most industrial countries, inflation is now very low by historical standards. Although vigilance is required to safeguard the progress that has been made, the medium-term goal of price stability appears to be within striking distance for many countries (Box 2). In contrast, the persistence of unsustainably large fiscal imbalances remains a critical obstacle to stronger growth and to greater stability in financial and foreign exchange markets. Much also remains to be done to eliminate structural impediments to saving and investment and to improve the functioning of labor markets, especially in Europe.

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Cover World Economic Outlook, May 1993
World Economic Outlook, May 1993
ISBN:
9781557752864
ISSN:
0256-6877
Publication Date:
30 May 1993
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557752864.081
Pages:
207