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Chapter II. The World Economy

Published online by Cambridge University Press:  26 March 2020

R.J. Barrell  and
Andrew Gurney
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Extract

The upturn in economic activity that has been clearly visible for the last year in both Japan and the US now appears to be spreading to Europe. The factors affecting the upturn are diverse, but it appears to be investment led, at least in the US and Japan, and to a lesser extent in Germany and the UK. Chart 1 plots the investment to income ratio for the major four economies over the past, along with our forecast for the medium term. The investment-income ratio has fallen in France and Germany over the past ten years, but it has reached relatively high levels in Japan in the last four years.

Type
Articles
Information
National Institute Economic Review , Volume 126 , November 1988 , pp. 18 - 31
Copyright
Copyright © 1988 National Institute of Economic and Social Research

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References

(1) A complete set of 47 tables covering a wide range of variables of interest over the period 1971 to 1997 is available from the National Institute on request.