tailieunhanh - WBI LEARNING RESOURCES SERIES: Beyond Economic Growth An Introduction to Sustainable Development An Introduction to Sustainable Development

This morning I have reviewed the outlook, the Federal Reserve’s response, and its policy options for the future should the recovery falter or inflation decline further. In sum, the pace of recovery in output and employment has slowed somewhat in recent months, in part because of slower-than-expected growth in consumer spending, as well as continued weakness in residential and nonresidential construction. Despite this recent slowing, however, it is reasonable to expect some pickup in growth in 2011 and in subsequent years. Broad financial conditions, including monetary policy, are supportive of growth, and banks appear to have become somewhat. | 6 10 04 5 18 PM Page i Tatyana P. Soubbotina The World Bank Washington . 6 10 04 1 46 PM Page ii Copyright 2004 The International Bank for Reconstruction and Development THE WORLD BANK 1818 H Street Washington . 20433 . All rights reserved First printing September 2000 The findings interpretations and conclusions expressed in this book are entirely those of the author and should not be attributed in any manner to the World Bank to its affiliated organizations or to members of its Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The boundaries colors denominations and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries. The material in this publication is copyrighted. The World Bank encourages dissemination of its work and will normally grant permission promptly. Permission to photocopy items for internal or personal use for the internal or personal use of specific clients or for educational classroom use is granted by the World Bank provided that the appropriate fee is paid directly to Copyright Clearance Center Inc. 222 Rosewood Drive Danvers MA 01923 . telephone 978-750-8400 fax 978-750-4470 . Please contact the Copyright Clearance Center before photocopying items. For permission to reprint individual articles or chapters please fax your request with complete information to the Republication Department Copyright Clearance Center fax 978-750-4470. All other queries on rights and licenses including subsidiary rights should be addressed to the Office of the Publisher World Bank 1818 H Street NW Washington DC 20433 fax 202-522-2422 e-mail pubrights@. For more information and .