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.
|Number of pages||5|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - 1 Dec 1988|
- Fraser of Allander
- Scottish economic activity
- world economic activity