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Chapter II. The World Economy

Published online by Cambridge University Press:  26 March 2020

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Extract

The economic situation among the industrial countries has been developing less favourably than we envisaged in May. In the second quarter there seems to have been only a modest recovery in output in the United States and a further decline in West Germany. The sluggishness of demand in these two countries is having repercussions on the economies of some of their chief trading partners, and for the industrial countries as a whole there was probably little change in industrial production in the second quarter.

Type
Research Article
Information
National Institute Economic Review , Volume 41 , August 1967 , pp. 17 - 27
Copyright
Copyright © 1967 National Institute of Economic and Social Research

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References

note (1) page 17 OECD Economic Outlook, 1 July 1967, page 6.

note (1) page 23 OECD press release of 20 July 1967.