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Chapter III. The World Economy
Published online by Cambridge University Press: 26 March 2020
Extract
Output in the industrial countries has been rising rather faster than we supposed in August, and our expectations for next year are correspondingly higher also. It now looks as though real economic growth in the OECD area will be about 5½ per cent in 1972 and at least 6 per cent in 1973.
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- Copyright © 1972 National Institute of Economic and Social Research
References
Note
page 41 note (1) The calculation is based on the 1968-69 distribution of trade in manufactures (see OECD, Economic Outlook no. 10, December 1971, page 97).