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The world economy [June 1988]

Ashcroft, Brian and Love, Jim and Boyle, Stephen and Draper, Paul and Dunlop, Stewart and Harrigan, Frank and Lockyer, Cliff and McGregor, Peter and McNicolI, Iain and Perman, Roger and Simpson, David (1988) The world economy [June 1988]. Quarterly Economic Commentary, 13 (4). pp. 1-4. ISSN 2046-5378

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Abstract

Growth in the world economy appears to be continuing at a brisk rate. Recent forecasts suggest that output should expand by about 3% this year compared with 3.IX in 1987. The outlook therefore appears to be more favourable than when we last reported; a reflection of the limited impact to date of the October stock market crash. Some progress has been made in adjusting the key trade imbalances but progress remains slow.