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Chapter II. The World Economy

Published online by Cambridge University Press:  26 March 2020

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Extract

In the United States in particular, the long-awaited upturn in economic activity has been further postponed even though inflation has been running below the rates that had generally been expected. Industry in the OECD countries may well have produced less in the first quarter of 1982 than in any quarter of 1981, and we no longer expect their total output to increase by more than about ½ per cent for the year.

Type
Articles
Information
National Institute Economic Review , Volume 100 , May 1982 , pp. 51 - 64
Copyright
Copyright © 1982 National Institute of Economic and Social Research

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