... 199 1.(3) Includes crisis episodes in Finland, Spain and Sweden.(4) Includes crisis episodes in Finland, Norway, Sweden, Japan and Spain.(5) Includes crisis episodes in Argentina (2001), Indonesia, ... up in the world economy starting in the late 199 0s. NotablyChina, Japan, and the oil exporting countries havebeen posting large and growing external surpluses that served to finance a growing ... estimated7% of GDP by 2010. Similarly, the deterioration in the fiscal deficit as a share of GDP averaged about7 percentage points for the major financial crises in the early- 199 0s in Finland, Norway,...