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Whether the world economy in 1993-1994 has been a turnaround?

After a possible growth. Negative value just reflects the lack of equipment capacity utilization data ② 1992 L ⑨ the third quarter of the economic situation in the region predicted fluctuations in the number of different directions. The mid-70s, Japan, Europe and the U.S. cyclical downturn in 1975. An economic cycle of recession after the But soon after, in 1982 - 1983. In a recent 5i3442 __ machine one by one a ■ c) A pair A pair of a grapefruit vii vii l_2 one hundred and eleven ¨ time of occurrence, duration and depth extent in different countries have great difference. Peak in North America in 1989, the crisis in 1991,[link widoczny dla zalogowanych], and prosperity in Europe and Japan in the 1990-1991 peak of the crisis the most serious point of no earlier than 1993. With a global oil shock prompted the 7o's and 8O's all synchronized with the economic cycle. However, with the disappearance of the consequences of oil shocks, the main countries in the dynamic cycle of nature with the individual. In this cycle, the countries and regions, although the shock of silver large extent, have something in common, but higher than the strong global shocks. One such area of turbulence is to reduce U.S. demand for military goods. After the merger of Germany's budget expansion on Europe's economic situation had an impact. Development of the situation in Japan in accordance with their own Asset prices and debt levels, fluctuations in the economic cycle to be a very important feature is that the Ministry of f1 and the actual relationship between the financial sector is very obvious. Because the financial sector, Cyclical change is not only the daily flow of goods and money flows (production and consumption,[link widoczny dla zalogowanych], investment and savings,[link widoczny dla zalogowanych], income and expenditure, etc.) features, and to some extent also the accumulation of funds (assets) characteristics. Of course, due to reasons known to all the fluctuations in the accumulation of funds do not usually have a very distinctive features. And mainly through price changes rather than changes in the volume shown. Meanwhile, the magnitude of cyclical movements in asset prices is usually not very large. However, this time the economic cycle is a distinctive feature of assets (land, houses and buildings, has a price sign vouchers, etc.) the price of crossing the dynamic range of great results,[link widoczny dla zalogowanych], the impact on the real economy is also great. Another recent feature of the economic cycle of mutual debt. The reason why the debt to each other will also increase, partly due to general financial intervention to cancel the results expressed as 1 / ahead of the growth of financial assets, changes in nominal income; 2 / asset price inflation; 3 / credit assets; 4 / private sector debt and interest payments increase. . Financial restrictions on the provision of loans to cancel had a stimulating effect; banks began to express willingness to provide consumer loans and purchase of real estate loans to take more risks. Increased competition among financial institutions,[link widoczny dla zalogowanych], so that banks in the provision of certain types of loans, especially in providing a reliable and trustworthy borrower side lost some edge. As in the past to provide loans to developing countries the yield is low (this is mainly the problem with the return of the guarantee as well as national and corporate demand for borrowed funds on reduced - especially Japan, the United States and Britain - on), the bank will started to provide funds borrowed to purchase real estate and engage in a high share of business loans. There are a number of insurance companies and so have other financial intermediaries to enter this part of the market. In the final analysis. Financial institutions, expanded the new policy on consumption and housing construction loan supply. Loan demand growth itself also by the inertia of inflation expectations caused. 7O late long-term consequences of high inflation rate of inflation is the expectation of further growth. In addition to this stretch look forward to the possibility of expanding the money made outside the one hand, enhance the home and business owners dramatically increase their determination and ability of debt, it also increases the attractiveness of real estate and stock investments. Almost be regarded as protected stock purchase savings will not be the best means of devaluation. Both the individual and the company, the growth in loan demand and the increase in debt has its own special reason. In the family, these two reasons: First, a regular (permanent) the amount of income (fixed income and stable level of consumption. This level of consumption can be considered as a subject in the current wealth, the daily income and expected future are guaranteed under the level of life) tend to dry the expected increase, the second is added to the young active population and increased consumption tendency. The second reason that the United States and Canada have a special significance.