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The world economy [September 1989]

Ashcroft, Brian and Dourmashkin, Neil and Draper, Paul and Dunlop, Stewart and Lockyer, Cliff and Magee, Lesley and Malloy, Eleanor and McRory, Eric and Monaghan, Claire and McGregor, Peter and Perman, Roger (1989) The world economy [September 1989]. Quarterly Economic Commentary, 15 (1). pp. 1-4. ISSN 0306-7866

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Abstract

The slowdown in the world economy has not been as great as expected. Japan and Germany are experiencing strong growth and some inflationary pressure. There are fears of recession in the United States. But at the world level neither worsening inflation nor a slide into recession appears to be a realistic short-term prospect.