The international environment

Quarterly Bulletin 1995 Q3
Published on 01 September 1995
  • In the first quarter of 1995, growth slowed in the United States and was very low in Japan. In continental Europe, the recovery remained generally strong; and growth rates quickened in some economies. In the second quarter, US growth weakened further.
  • Non-oil commodity prices were, on average, 21/2% lower in the second quarter than in the first, according to the dollar-denominated Economist index. Oil prices rose sharply and then fell: by June, they were only slightly higher than in March.
  • Producer and consumer price inflation have risen in those major economies whose currencies have depreciated this year.
  • Inflationary pressures have diverged within Europe; as a result, official interest rates have been raised in some countries and cut in others.

PDFThe international environment

Other Quarterly Bulletin 1995 Q3 articles

Give your feedback

Was this page useful?
Add your details...