economic commission for europe geneva survey of 2001 no 1 prepared by the secretariat united nations new york and publication sales e 01 ii 14 isbn 92 116780 9 issn 0070 8712 copyright all rights reserved printed at switzerland contents page explanatory notes x abbreviations xi preface xiii chapter ece economies in spring an overview current situation selected policy issues 3 introduction 2 market western north america 4 i recent developments outlook is european monetary too cautious 5 iii raising s growth rate are labour markets a constraint 7 transition yugoslav economy stability south east 12 global context 15 world 19 25 euro area other 35 states account deficit