1945

Average real GDP in the developed market economies grew at 3.2 percent in 1999 after a more modest 2.4 percent growth in output in 1998. As global economic activity rebounded relatively swiftly following the emerging market crises of 1997 and 1998, all developed market economies experienced a rise in GDP in 1999.

/content/books/9789210473743s005-c006
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