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MAY
19, 2000 VOL. 27 NO. 19 | SEARCH ASIAWEEK
Monitor
Rebounding
Economies Bounce Prices Too
In 1999, world inflation fell to its lowest level in 40 years. For industrial
economies it was 1.3%. Rising world oil prices drove up costs to consumers,
though fuel prices are now starting to recede. The Asian Development Bank
says so far increased productivity has kept the lid on global prices, helped
by scant real-wage increases, particularly in Asia. But the ADB warns that
the region's re-heating economies, nudged by more costly oil and labor,
will soon start making life more expensive.
Source: Asian Development Bank
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