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This paper reviews the long-term growth performance of the major industrial countries and discusses some of the many factors that have been identified as possib

Global growth is in low gear, and the drivers of activity are changing. These dynamics raise new policy challenges. Advanced economies are growing again but mus

This paper highlights that the first half of 1987 was characterized by considerable uncertainty about the world economic situation and prospects. Following a di

This paper highlights that after two years of rapid growth in 1987 and 1988, there are now signs that the economic expansion in industrial countries is moderati

This paper provides an assessment of trends in the international capital markets, including most notably recent market shocks to the financial system and develo