The world economy [December 1989]

Jim Love; Brian Ashcroft; Richard Brooks; Neil Dourmashkin; Paul Draper; Stewart Dunlop; Cliff Lockyer; Lesley Magee; Eleanor Malloy; Eric McRory; Claire Monaghan; Peter McGregor; Roger Perman; Jim Stevens; Kim Swales; Jim Love

The world economy [December 1989]

Jim Love, Brian Ashcroft, Richard Brooks, Neil Dourmashkin, Paul Draper, Stewart Dunlop, Cliff Lockyer, Lesley Magee, Eleanor Malloy, Eric McRory, Claire Monaghan, Peter McGregor, Roger Perman, Jim Stevens, Kim Swales, Jim Love (Editor)

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Abstract

The seven largest OECD countries showed GDP growth, in real terms, of 0.35% in the second quarter of the year, approximately the same as for the OECD as a whole. France displayed the highest quarterly rise (0.6%), with West German output rising by half of that, and GDP in Japan falling by 0.9% in the second quarter (see Japanese economy below). As this paper reveals, these figures are indicative of the continuing slowdown in growth in the major industrialised countries, although there are still no clear signs of a descent into recession. Inflation remains as much of a threat as recession. In the twelve months to September the average inflation rate in the OECD was 5.0%, with the largest seven countries showing an average for the twelve months of 4.2%; the UK had the highest rate (7.6%) and Japan the lowest (2.6%).

Original language	English
Pages (from-to)	3-5
Number of pages	3
Journal	Quarterly Economic Commentary
Volume	15
Issue number	2
Publication status	Published - Dec 1989

Keywords

global economic forecasts
world economic trends
macroeconomic trends
labour market conditions
global industrial output

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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title = "The world economy [December 1989]",

abstract = "The seven largest OECD countries showed GDP growth, in real terms, of 0.35% in the second quarter of the year, approximately the same as for the OECD as a whole. France displayed the highest quarterly rise (0.6%), with West German output rising by half of that, and GDP in Japan falling by 0.9% in the second quarter (see Japanese economy below). As this paper reveals, these figures are indicative of the continuing slowdown in growth in the major industrialised countries, although there are still no clear signs of a descent into recession. Inflation remains as much of a threat as recession. In the twelve months to September the average inflation rate in the OECD was 5.0%, with the largest seven countries showing an average for the twelve months of 4.2%; the UK had the highest rate (7.6%) and Japan the lowest (2.6%).",

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T1 - The world economy [December 1989]

AU - Love, Jim

AU - Ashcroft, Brian

AU - Brooks, Richard

AU - Dourmashkin, Neil

AU - Draper, Paul

AU - Dunlop, Stewart

AU - Lockyer, Cliff

AU - Magee, Lesley

AU - Malloy, Eleanor

AU - McRory, Eric

AU - Monaghan, Claire

AU - McGregor, Peter

AU - Perman, Roger

AU - Stevens, Jim

AU - Swales, Kim

A2 - Love, Jim

PY - 1989/12

Y1 - 1989/12

N2 - The seven largest OECD countries showed GDP growth, in real terms, of 0.35% in the second quarter of the year, approximately the same as for the OECD as a whole. France displayed the highest quarterly rise (0.6%), with West German output rising by half of that, and GDP in Japan falling by 0.9% in the second quarter (see Japanese economy below). As this paper reveals, these figures are indicative of the continuing slowdown in growth in the major industrialised countries, although there are still no clear signs of a descent into recession. Inflation remains as much of a threat as recession. In the twelve months to September the average inflation rate in the OECD was 5.0%, with the largest seven countries showing an average for the twelve months of 4.2%; the UK had the highest rate (7.6%) and Japan the lowest (2.6%).

AB - The seven largest OECD countries showed GDP growth, in real terms, of 0.35% in the second quarter of the year, approximately the same as for the OECD as a whole. France displayed the highest quarterly rise (0.6%), with West German output rising by half of that, and GDP in Japan falling by 0.9% in the second quarter (see Japanese economy below). As this paper reveals, these figures are indicative of the continuing slowdown in growth in the major industrialised countries, although there are still no clear signs of a descent into recession. Inflation remains as much of a threat as recession. In the twelve months to September the average inflation rate in the OECD was 5.0%, with the largest seven countries showing an average for the twelve months of 4.2%; the UK had the highest rate (7.6%) and Japan the lowest (2.6%).

KW - global economic forecasts

KW - world economic trends

KW - macroeconomic trends

KW - labour market conditions

KW - global industrial output

UR - http://www.strath.ac.uk/frasercommentary/

UR - http://www.strath.ac.uk/fraser/

M3 - Article

SN - 0306-7866

VL - 15

SP - 3

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JO - Quarterly Economic Commentary

JF - Quarterly Economic Commentary

IS - 2

ER -

The world economy [December 1989]

Abstract

Keywords

UN SDGs

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