The economic background [December 1996]

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There has been little change in the world economy since the last quarter. Interest rates were cut slightly in Europe in September 1996 but remain unchanged in the US and Japan. Monetary policy was loosened over 1995, and 1996 has seen contractionary fiscal policies. The result is that the global economy is now on an expansionary path again.
Original languageEnglish
Pages (from-to)1-6
Number of pages6
JournalQuarterly Economic Commentary
Issue number1
Publication statusPublished - Dec 1996


  • Scottish economic outlook
  • Scottish economy

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