The world economy [August 1986]

James Love, Stephen Boyle, Paul Draper, Frank Harrigan, John Heeley, Iain Jenkins, Cliff Lockyer, Jim H Love, Peter McGregor, Iain McNicolI, David Simpson, Jim Walker, James Love (Editor)

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Developments throughout the first half of 1986 were dominated by the falls in the price of oil and the further deceleration of the US economy. Although output growth has slowed in the major industrial economies, the effects of lower oil prices have reduced inflation rates and helped bring interest rates down, thus improving prospects for the world economy later this year and in 1987. The fall in oil prices may well be reversed, however, following the recent signs of greater cohesion among OPEC members.
Original languageEnglish
Pages (from-to)3-8
Number of pages6
JournalQuarterly Economic Commentary
Issue number1
Publication statusPublished - 1 Aug 1986


  • Fraser of Allander
  • world economic activity
  • world economic condition


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