The economic background [March 1996]

Low, Kenneth and Ashcroft, Brian and Swales, Kim (1996) The economic background [March 1996]. Quarterly Economic Commentary, 21 (3). pp. 1-5. ISSN 0306-7866

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Growth in 1995 has slowed down in the world economy with the exception of the dynamic Asian economies. G7 average growth has fallen from 2.8%p.a. in 1994 to 2.3%p.a. in 1995, and is forecast to remain at this level in 1996 before rising to 1994 levels in 1998.