The international environment

Quarterly Bulletin 1994 Q3
Published on 01 September 1994
  • Economic activity has strengthened in France, Germany and Japan, but recovery is likely initially to be modest and large output gaps will remain.
  • Inflation has continued to fall in most major countries. But a number of forward-looking indicators such as commodity prices and, in the United States, high capacity utilisation point to some upward pressure on future inflation.
  • Despite higher activity and lower inflation, financial markets have continued to be volatile in recent months. Bond yields have risen further and the dollar has weakened.

PDFThe international environment

Other Quarterly Bulletin 1994 Q3 articles

Was this page useful?
Add your details...