The world economy [December 1988]

Brian Ashcroft, Jim Love, Stephen Boyle, Paul Draper, Stewart Dunlop, Janet Grehan, Frank Harrigan, John Heeley, Cliff Lockyer, Eleanor Malloy, Claire Monaghan, Peter McGregor, Iain McNicolI, Roger Perman, Jim Stevens, Brian Ashcroft (Editor), Jim Love (Editor)

Research output: Contribution to journalArticle

Abstract

The buoyancy of the main economies continues. Investment now appears to be the principal driving force behind the current robust performance of the world economy. Growth of GNP is generally expected to be around 4% this year, a full one percentage point, and more, higher than expectations at the beginning of the year. Nevertheless, growth should decline next year due to a tightening by key governments of both fiscal and monetary policies in response to increasing inflationary pressure.
LanguageEnglish
Pages1-5
Number of pages5
JournalQuarterly Economic Commentary
Volume14
Issue number2
Publication statusPublished - 1 Dec 1988

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World economy
Driving force
Gross national product
Government
Fiscal and monetary policy

Keywords

  • Fraser of Allander
  • Scottish economic activity
  • world economic activity

Cite this

Ashcroft, B., Love, J., Boyle, S., Draper, P., Dunlop, S., Grehan, J., ... Love, J. (Ed.) (1988). The world economy [December 1988]. Quarterly Economic Commentary, 14(2), 1-5.
Ashcroft, Brian ; Love, Jim ; Boyle, Stephen ; Draper, Paul ; Dunlop, Stewart ; Grehan, Janet ; Harrigan, Frank ; Heeley, John ; Lockyer, Cliff ; Malloy, Eleanor ; Monaghan, Claire ; McGregor, Peter ; McNicolI, Iain ; Perman, Roger ; Stevens, Jim ; Ashcroft, Brian (Editor) ; Love, Jim (Editor). / The world economy [December 1988]. In: Quarterly Economic Commentary. 1988 ; Vol. 14, No. 2. pp. 1-5.
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Ashcroft, B, Love, J, Boyle, S, Draper, P, Dunlop, S, Grehan, J, Harrigan, F, Heeley, J, Lockyer, C, Malloy, E, Monaghan, C, McGregor, P, McNicolI, I, Perman, R, Stevens, J, Ashcroft, B (ed.) & Love, J (ed.) 1988, 'The world economy [December 1988]' Quarterly Economic Commentary, vol. 14, no. 2, pp. 1-5.

The world economy [December 1988]. / Ashcroft, Brian; Love, Jim; Boyle, Stephen; Draper, Paul; Dunlop, Stewart; Grehan, Janet; Harrigan, Frank; Heeley, John; Lockyer, Cliff; Malloy, Eleanor; Monaghan, Claire; McGregor, Peter; McNicolI, Iain; Perman, Roger; Stevens, Jim; Ashcroft, Brian (Editor); Love, Jim (Editor).

In: Quarterly Economic Commentary, Vol. 14, No. 2, 01.12.1988, p. 1-5.

Research output: Contribution to journalArticle

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AU - Ashcroft, Brian

AU - Love, Jim

AU - Boyle, Stephen

AU - Draper, Paul

AU - Dunlop, Stewart

AU - Grehan, Janet

AU - Harrigan, Frank

AU - Heeley, John

AU - Lockyer, Cliff

AU - Malloy, Eleanor

AU - Monaghan, Claire

AU - McGregor, Peter

AU - McNicolI, Iain

AU - Perman, Roger

AU - Stevens, Jim

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A2 - Love, Jim

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AB - The buoyancy of the main economies continues. Investment now appears to be the principal driving force behind the current robust performance of the world economy. Growth of GNP is generally expected to be around 4% this year, a full one percentage point, and more, higher than expectations at the beginning of the year. Nevertheless, growth should decline next year due to a tightening by key governments of both fiscal and monetary policies in response to increasing inflationary pressure.

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KW - world economic activity

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Ashcroft B, Love J, Boyle S, Draper P, Dunlop S, Grehan J et al. The world economy [December 1988]. Quarterly Economic Commentary. 1988 Dec 1;14(2):1-5.