The current situation of the world economy remains unchanged
Economic expectations for the next six months slightly improved
No pickup of inflation expected in 2003
Downward trend of short-term and long-term interest rates expected to level off
Major world currencies now close to sustainable equilibrium, although the UK pound still overvalued
WES experts in disagreement about the threat of widespread deflation at a global level.But clear signs of isolated deflationary tendencies in some countries.
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