The European economy in 1998 and 1999

World economic activity remains relatively robust, although the Asian crisis casts a shadow over the picture. The rate of growth of world trade has slowed down since last fall, but is expected to remain above its trend level. International price developments remain quite moderate. Oil prices have declined substantially, and are among the lowest of the decade. Inflationary pressures are also limited in the industrial countries, as capacity constraints are not yet significant there and excess supply has materialized worldwide. The industrial countries show a sustained growth rate between 2Vi and 3 per cent on average. However, the combination of strong growth and low inflation is the result of divergent developments between countries. • The US economy has been until recently particularly buoyant, as strong domestic demand has more than offset the dampening effect of falling exports to Asia. The Japanese economy remains in the doldrums. The threat of a deflation has recently prompted a substantial stimulation programme aiming at preventing a further deterioration of confidence. \^ Economic growth in Asia has been-severely_ restricted, in particular in the ASEAN countries and Korea, although extensive rescue operations have brought the situation in the worst hit countries more or less under control. The impact on the European countries is as yet rather limited, as negative trade effects are largely compensated for by beneficial effects of lower imported inflation and lower interest rates. Thus Western Europe is in a position to sustain the recovery that began in mid-1996. Prospects have been strengthened as uncertainties associated with the implementation of the EMU have now been dissipated. The time has now come to begin to view the EMU countries as a single entity from the viewpoint of economic management, even if differences persist in many fields. --

The European economy in 1999 and 2000: Report

World economic growth this year is likely to remain as weak as in 1998, despite a gradual acceleration in the course of the year. The volume of world trade is estimated to have fallen significantly in the latter half of last year, and to date there are few signs of a rapid recovery. However, there are indications of improved investor sentiment in a number of emerging market economies, and the monetary authorities in many industrial economies have lowered shortterm interest rates significantly since last autumn. In the absence of further financial market turmoil, a modest global recovery is expected to develop this year, led by improved prospects for the Asian economies. World GDP is expected to rise by 3 per cent in 2000, after growth of 2V4 per cent this year (Table 1). The industrial economies as a group are not expected to contribute significantly to the overall rebound. The economy of the United States has remained much stronger than expected, but could experience a soft landing next year, particularly if the Federal Reserve decides to tighten monetary policy. Activity in Japan may at best stabilise next year after two years of declining GDP, with many firms continuing to have excess capacity, and domestic demand expected to remain weak. The continuing weakness of Japan will help to keep the upturn in the emerging markets within bounds. Growth should pick up in Western Europe over the next eighteen months, helped by the present relaxed monetary conditions. However, a recovery this year remains far from assured, with activity likely to be particularly weak in Germany and Italy. The present, historically low, rate of inflation in the industrial world may rise slightly, partly as a result of some recovery in world prices for primary commodities, recently in particular for oil. In the euro area, import prices will also rise as a result of the recent depreciation of the euro against the dollar. The continued strength of the dollar can be partly attributed to the very strong performance of the American economy compared with the European economy, and to the rising interest rate differentials with Europe. We expect that developments in the opposite direction will weaken the dollar again. Section VI of this report illustrates a scenario with a more substantial weakening in the aftermath of a collapse in equity prices. The Western European economy has been strongly affected by the adverse developments in the crisis regions. This has depressed industrial production significantly over the past year. The prospects for Europe are heavily dependent on the timing and extent to which these effects fade away. The American economy has been a strong engine for world economic growth up to now, but there are several imbalances that may lead to a slowdown over the next eighteen months. This could have a substantial impact on the European economy. --

The European economy in 1998 and 1999: An update

A. Situation and Prospects for the European Economy 3 I. Slower Growth of the World Economy 3 II. Weaker Expansion of the European Economy 5 III. Economic Policy 7 B. Country Reports 9 I. Germany: Upturn Continues Despite Financial Turbulence 9 II. Confidence Still High in France, Though Off Its Peak 9 III. Downturn in the UK Economy 10 IV. Italy: A Fragile Recovery 11 --

Global Value Chains and Market Formation Process in Emerging Export Activity: Evidence from Ethiopian Flower Industry

経済学 / EconomicsThis paper provides a case study of the Ethiopian flower export industry which successfully emerged at time when the EU market (main destination) was already characterized by increasingly stringent standards and delivery requirements. Entering this market required a multitude of capabilities at firm, sector and national levels. Several of these capabilities were absent or weak in the domestic market when the new activity kicked off. The paper analyzes how the capabilities of individual firms and the industry at large co-evolved and the role of various actors in the ‘market formation’ process.JEL Classification Codes: O12, O13, O19http://www.grips.ac.jp/list/jp/facultyinfo/sonobe_tetsushi

Antibodies against Coxiella burnetii and pregnancy outcome during the 2007-2008 Q fever outbreaks in the Netherlands

<p>Abstract</p> <p>Background</p> <p>Q fever has become a major public health problem in the Netherlands. Infection with <it>Coxiella burnetii </it>(Q fever) during pregnancy has resulted in adverse pregnancy outcome in the majority of reported cases. Therefore, we aimed to quantify this risk by examining the earliest periods corresponding to the epidemic in the Netherlands.</p> <p>Methods</p> <p>Serum samples that had been collected from the area of highest incidence by an existing national prenatal screening programme and data from the Netherlands Perinatal Registry (PRN) on diagnosis and outcome were used. We performed indirect immunofluorescence assay to detect the presence of IgM and IgG antibodies against <it>C. burnetii </it>in the samples. The serological results were analyzed to determine statistical association with recorded pregnancy outcome.</p> <p>Results</p> <p>Evaluation of serological results for 1174 women in the PRN indicated that the presence of IgM and IgG antibodies against phase II of <it>C. burnetii </it>was not significantly associated with preterm delivery, low birth weight, or several other outcome measures.</p> <p>Conclusion</p> <p>The present population-based study showed no evidence of adverse pregnancy outcome among women who had antibodies to <it>C. burnetii </it>during early pregnancy.</p

Obesity, smoking, alcohol consumption and years lived with disability: A Sullivan life table approach

Background: To avoid strong declines in the quality of life due to population ageing, and to ensure sustainability of the health care system, reductions in the burden of disability among elderly populations are urgently needed. Life style interventions may help to reduce the years lived with one or more disabilities, but it is not fully understood which life style factor has the largest potential for such reductions. Therefore, the primary aim of this paper is to compare the effect of BMI, smoking and alcohol consumption on life expectancy with disability, using the Sullivan life table method. A secondary aim is to assess potential improvement of the Sullivan method by using information on the association of disability with time to death. Methods. Data from the Dutch Permanent Survey of the Living Situation (POLS) 1997-1999 with mortality follow-up until 2006 (n = 6,446) were used. Using estimated relative mortality risks by risk factor exposure, separate life tables were constructed for groups defined in terms of BMI, smoking status and alcohol consumption. Logistic regression models were fitted to predict the prevalence of ADL and mobility disabilities in relationship to age and risk factor exposure. Using the Sullivan method, predicted age-specific prevalence rates were included in the life table to calculate years lived with disability at age 55. In further analysis we assessed whether adding information on time to death in both the regression models and the life table estimates would lead to substantive changes in the results. Results: Life expectancy at age 55 differed by 1.4 years among groups defined in terms of BMI, 4.0 years by smoking status, and 3.0 years by alcohol consumption. Years lived with disability differed by 2.8 years according to BMI, 0.2 years by smoking and 1.6 by alcohol consumption. Obese persons could expect to live more years with disability (5.9 years) than smokers (3.8 years) and drinkers (3.1 years). Employing information on time to death led to lower estimates of years lived with disability, and to smaller differences in these years according to BMI (2.1 years), alcohol (1.2 years), and smoking (0.1 years). Conclusions: Compared with smoking and drinking alcohol, obesity is most strongly associated with an increased risk of spending many years of life with disability. Although employing information on the relation of disability with time to death improves the precision of Sullivan life table estimates, the relative importance of risk factors remained unchanged

Outcomes from elective colorectal cancer surgery during the SARS-CoV-2 pandemic

This study aimed to describe the change in surgical practice and the impact of SARS-CoV-2 on mortality after surgical resection of colorectal cancer during the initial phases of the SARS-CoV-2 pandemic

LISS panel - The energy transition from a citizen’s perspective

In this survey Dutch citizens are asked about their perspective on the energy transitionSuggestions for data usage: The data files are accessible via Centerdata. For more information, please use the link under Relations or www.lissdata.nl

LISS panel - Opportunities in the labor market

This study aims to investigate to what extent people experience displacement in the labor market and what they think about it.Suggestions for data usage: The data files are accessible via Centerdata. For more information, please use the link under Relations or www.lissdata.nl