Picture map of Europe with pins indicating European capital cities

Open Access research with a European policy impact...

The Strathprints institutional repository is a digital archive of University of Strathclyde's Open Access research outputs. Strathprints provides access to thousands of Open Access research papers by Strathclyde researchers, including by researchers from the European Policies Research Centre (EPRC).

EPRC is a leading institute in Europe for comparative research on public policy, with a particular focus on regional development policies. Spanning 30 European countries, EPRC research programmes have a strong emphasis on applied research and knowledge exchange, including the provision of policy advice to EU institutions and national and sub-national government authorities throughout Europe.

Explore research outputs by the European Policies Research Centre...

The world economy [December 1988]

Ashcroft, Brian and Love, Jim and Boyle, Stephen and Draper, Paul and Dunlop, Stewart and Grehan, Janet and Harrigan, Frank and Heeley, John and Lockyer, Cliff and Malloy, Eleanor and Monaghan, Claire and McGregor, Peter and McNicolI, Iain and Perman, Roger and Stevens, Jim (1988) The world economy [December 1988]. Quarterly Economic Commentary, 14 (2). pp. 1-5. ISSN 2046-5378

[img]
Preview
Text (FEC_14_2_1988_World_Economy)
FEC_14_2_1988_World_Economy.pdf - Final Published Version

Download (135kB) | Preview

Abstract

The buoyancy of the main economies continues. Investment now appears to be the principal driving force behind the current robust performance of the world economy. Growth of GNP is generally expected to be around 4% this year, a full one percentage point, and more, higher than expectations at the beginning of the year. Nevertheless, growth should decline next year due to a tightening by key governments of both fiscal and monetary policies in response to increasing inflationary pressure.