The world economy [April 1979]

Bell, D N F and Hart, S and Kirwan, F X and McNicoll, I H and Moar, L. and Simpson, D R F and Wingfield, A A (1979) The world economy [April 1979]. Quarterly Economic Commentary, 4 (4). pp. 1-2. ISSN 0306-7866

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In the January issue of the Commentary is was pointed out that the mildly favourable prospects for world economic growth in 1979 were overshadowed by some political uncertainties, notably the prospect of disruptions to the supply of oil and the growth of protectionism. While the volume of world trade, as measured by the utilisation rates of dry cargo shipping, has continued to improve since the trough of June, 1978, there have been further less favourable political developments. This brief considers the impact of these developments and analyses the latest economic data.