FIGURE 1: FOREIGN GDP GROWTH,
TOP 15 U.S. TRADE PARTNERS
  FIGURE 2: GROWTH DIFFERENTIALS
AND PRIVATE CAPITAL FLOWS
 
     
FIGURE 3: GROWTH DIFFERENTIALS
AND THE CURRENT ACCOUNT
  FIGURE 4: GROWTH DIFFERENTIALS
AND THE REAL MAJOR DOLLAR INDEX
 
     
FIGURE 5: INTERNATIONAL INVESTMENT POSITION    
   
     
SOURCES: U.S. Department of Commerce, Bureau of Economic Analysis; Board of Governors of the Federal Reserve System; International Monetary Fund, International Financial Statistics; Blue Chip Economic Indicators, May 10; Organisation for Economic Co-operation and Development, Economic Outlook, December 1999; and The Economist, June 17-23.