Hostname: page-component-78c5997874-g7gxr Total loading time: 0 Render date: 2024-11-16T11:24:45.937Z Has data issue: false hasContentIssue false
  • English
  • Français

Chapter II. The World Economy

I. the Current Situation and Short-Term Outlook

Published online by Cambridge University Press:  26 March 2020

Get access Rights & Permissions [Opens in a new window]

Extract

More recent information confirms the impression which we formed in August about the course of output in the OECD area in the first half of the year. In the exceptionally severe weather experienced in parts of North America and Western Europe in the first quarter GDP was barely higher than it had been in the final quarter of 1984, and the second brought only a modest rebound. In the first half-year output increased at an annual rate of little more than 2 per cent, compared with about 3½ per cent for the previous six months. Slower growth in the US and stagnation of output in France and Germany were largely responsible.

Type
Articles
Information
National Institute Economic Review , Volume 114 , November 1985 , pp. 33 - 45
Copyright
Copyright © 1985 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

(1) OECD Employment Outlook, September 1985, p. 32.

(1) Unless otherwise indicated prices are quoted throughout this section in US dollar terms.

(1) World Economic Survey 1985, pp. 8-9.

(2) Rapport économique annuel, 1985-1986, p. 41.