The world economy [June 1991]
, ed. (1991) The world economy [June 1991]. Quarterly Economic Commentary, 16 (4). pp. 3-5. ISSN 0306-7866
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Abstract
This brief article provides an analysis of key world economic trends based on recent data. In the calendar year 1990, GDP growth in the G7 countries was 2.3%, compared with 2.8% in the year to June 1990. As has been the pattern for over a year, growth was sluggish in all the main industrialised countries with the exception of West Germany and Japan. The English-speaking countries have been particularly slow in terms of economic growth, with the United States, Canada and UK all exhibiting annual growth of no more than 1%. Individual country growth rates are as follows: Canada 0.9%; US 1.0%; Japan 5.6%; France 2.8%; Germany 4.6%; Italy 1.8%; UK 0.8%. The rapid slowing of many economies is most evident in terms of industrial production. In the final quarter of 1990 there was a marked slump in OECD industrial production, which achieved just 0.3% growth for the year, compared with 2.6% during the year to September.
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Item type: Article ID code: 49750 Dates: DateEvent1991PublishedSubjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics
Strathclyde Business School > Fraser of Allander Institute
Strathclyde Business School > Accounting and FinanceDepositing user: Pure Administrator Date deposited: 10 Oct 2014 14:53 Last modified: 11 Nov 2024 10:48 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/49750