Economist Paulo Nogueira Batista attributed the drop in industrial output to high interest rates, restrictive credit policies and unemployment.
2.
In July 1948, a group of southwest German businessmen had attacked the restrictive credit policy of Erhard as Economic Director.
3.
As a result of the more restrictive credit policies and slowing economic growth, the IMF also predicted a reduction in East Asia's overall inflation rate to 8.4 percent this year from 10.9 percent in 1995
4.
As a result of the more restrictive credit policies and slowing economic growth, the IMF also predicted a reduction in East Asia's overall inflation rate to 8 . 4 percent this year from 10 . 9 percent in 1995
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