{"id":83047,"date":"2024-01-22T08:45:14","date_gmt":"2024-01-22T07:45:14","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/83047\/"},"modified":"2024-11-06T23:33:30","modified_gmt":"2024-11-06T22:33:30","slug":"belebung-in-den-usa-abschwaechung-in-westdeutschland-und-japan-mittelfristige-prognose-der-weltwirtschaft-bis-1998","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/83047\/","title":{"rendered":"Economic Recovery in the United States, Lower Growth in West Germany and Japan. Medium-term Outlook for the World Economy"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-83047","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The West German economy is forecasted to grow by slightly less than 1\u00bd percent per year until 1998; the restrictive stance of both monetary and fiscal policies will depress economic activity not only in 1994 and 1995 but also will tend to reduce the medium-term growth potential. Activity in other European industrialized economies is likely to expand more rapidly (+2\u00bd percent) as fiscal policy in these countries follows a less restrictive course than in Germany. A decline in interest rates and in the exchange rate of the dollar as well as a fiscal policy aimed at reducing the budget deficit in the medium \u2013 but not in the short \u2013 term should boost the growth rate of the U. S. to 2\u00bd percent per year. In Japan, however, the medium-term growth rate is expected to drop markedly.","onlinedate":"1994-03-01 01:00:00","lang":"German","publication_series":"","publication_date":"19940301","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":274526,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"67","monthly_report_pages":"147-162","monthly_report_pages_sort":"147","issue":"3","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3491],"collaboration":"","persons":[3841],"persons_data":"[{\"personId\":3841,\"personName\":\"Stephan Schulmeister\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economic Recovery in the United States, Lower Growth in West Germany and Japan. 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