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Table 4. The forecast of indicators of economic development in the countries Western
Growth of gross national products (%)
Short-term interest rates (% annual)
* Consumer prices
** Data OECD Economic Outlook it 64, December 1998.
Source: Oxford Economic Forecasting, World Economic Prospects, Monthly
Review, February 1999; OECD Economic Outlook it 64, December 1998.
The economic situation in Japan has considerably worsened. Falling of the real
Gross national product in 1998 on 2,8 %, on estimations of the majority of analysts, it has been called
Financial problems in bank sector of the country, crisis in economy
Asian-Pacific region and as a whole trust reduction from outside
Investors. Accepted in April, August and in November the government of Japan of a measure
On updating of a budgetary-monetary policy and re-structuring of the financial
Sectors will promote, predictably, to increase of business activity in
To the country. In support of the program of financial improvement it is allocated by 60 bln. yens
(About 12 % of gross national product) and in addition 17 bln. for realisation of the extreme
Economic measures. However even in case of their successful realisation in 1999
Recession at level about 0,5 % is predicted.
Schedule 5. Fluctuations of index NIKKEI (02.98 - 02.99)
By existing estimations, gross national product falling in 1998 has made 15,3 % in
Indonesia, 6,5-7 % in South Korea and Thailand. India and China have more
Favorable economic conditions, but China, including Hong Kong, tests
Serious pressure upon national currency. Despite considerable volume
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