1945

The current situation in the world’s economies

The global economy is emerging from the financial crisis that occurred in 1997-1998. The rate of growth of world output accelerated in 1999 and is expected to increase further in 2000 as countries strengthen their recoveries. In all country groupings—developed countries, developing countries and economies in transition—economic growth in 1999 was faster than in 1998. In several ways, 1999 was a year of surprises, most of them positive.

Related Subject(s): Economic and Social Development
/content/books/9789210452007s004-c003
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