The global recession that began in the early 1990s is over, but different countries will experience growth and inflation disparities in the coming years. The UK, Canada, Australia, and the US have reached their peak growth rates and may see slower growth or even negative growth in 1996. Western European countries are expected to see increased growth and lower unemployment rates. Japan is slowly recovering but at rates below its potential. These differences in growth will impact inflation, employment, exchange rates, and government policies. The growth patterns are influenced by domestic consumption, investment, and export trends. In the past, growth in the Anglo-Saxon countries was driven by increased domestic demand due to low interest rates.