The world economy [May 1987]

Ashcroft, Brian and Walker, Jim and Boyle, Stephen and Draper, Paul and Harrigan, Frank and Heeley, John and Jenkins, Iain and Lockyer, Cliff and Love, Jim H and McGregor, Peter and McNicolI, Iain and Perman, Roger and Simpson, David and Stevens, Jim (1987) The world economy [May 1987]. Quarterly Economic Commentary, 12 (4). pp. 4-7. ISSN 2046-5378

[thumbnail of FEC_12_4_1987_World_Economy]
Text. Filename: FEC_12_4_1987_World_Economy.pdf
Final Published Version

Download (106kB)| Preview


Growth appears to be faltering in the world economy due to the deflationary effects of the appreciation of the Yen and D-Mark on the Japanese and West German economies. Continuing trade imbalances and exchange rate instability reflect the absence of effective action to reduce the large US budget deficit and secure a monetary and fiscal policy induced expansion in the surplus countries.


Ashcroft, Brian, Walker, Jim, Boyle, Stephen, Draper, Paul, Harrigan, Frank, Heeley, John, Jenkins, Iain, Lockyer, Cliff, Love, Jim H, McGregor, Peter ORCID logoORCID:, McNicolI, Iain, Perman, Roger ORCID logoORCID:, Simpson, David and Stevens, Jim ORCID logoORCID:; Ashcroft, Brian and Walker, Jim