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Thursday, 27 January, 2000, 22:39 GMT
Prospects for the world economy




The prospects for the world economy looked bleak last year, with the US the main engine of growth. But now signs of economic revival are everywhere - even Japan.



A record boom
The US economy is experiencing its longest boom in post-war history. But will the prospect of higher interest rates bring the stock market down to earth and curb consumer spending?




The surprising recovery
The UK economy has emerged into the millennium set for turbo-growth. But can it be sustained if the Bank of England continues to raise interest rates?



Weakness in the heart of Europe
Germany's uncertain growth prospects have destabilised the euro and lowered growth throughout the eurozone. Can it now lead Europe to recovery?



No end to recession?
Japan has been in the deepest economic recession since the Second World War. It is still uncertain whether, despite huge government spending, it will recover.

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