The world economy [November 1985]

Love, James and Blackhall, John and Chalmers, Margaret and Draper, Paul and Heeley, John and Jenkins, Iain and Lockyer, Cliff and Love, Jim H and McGilvray, James and McGregor, Peter and McVey, Mike and O'Donnell, Noreen and Stevens, Jim and Simpson, David and Tait, Elizabeth and Walker, Jim (1985) The world economy [November 1985]. Quarterly Economic Commentary, 11 (2). pp. 3-6. ISSN 2046-5378

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Abstract

After the marked deceleration in the first half of the year US growth shows signs of picking up in the latter part of 1985. However, the impetus to world trade and global expansion derived from the rapid period of US growth in late 1983 and early 1984 has now largely waned. Although European countries and Japan are set to continue their recent expansion, it is unlikely that their growth will offset the impact on the world economy of a slower rate of US growth.

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