The dependency ratio is expected to rise from 39.5% in 2000 to 79.5% in 2040 due to the increase in life expectancy and falling birth rates in Europe. Even with full employment and higher employment rates, the ratio of pensions to GDP would rise from 12.5 to 18.3%. Most European countries have...

The closing decade for Italy has been marked by the most important fiscal consolidation effort among the euro zone countries. The discretionary dimension of consolidation, although pursued in an unstable political environment, has been significant and the effort entirely structural. Italy has...

The biggest countries of the Euro area agreed upon strict nominal constraints to build the monetary union. Some of their previous imbalances have been corrected at high cost. The private debt burden eased in France, though high interest rates made it heavier at first. Italy suffered to close the...

[eng] Some uncertainty Forecast for the world economy in 2000 and 2001 Division Economie Internationale World GDP is expected to decelerate from 4.8 percent in 2000, the fastest rate of growth since 1984, to 4.1 in 2001. The raise in oil priees and the tightening of monetary policies over the...

[eng] All together ? Forecast for the world economy in 2000 and 2001 Division economie internationale Activity is expected to expand rapidly in many parts of the world economy (4,2 % in 2000 and 3,9 % in 2001), except in Japan where an excess of capacity still impediments growth. Asian emerging...