The World economy [December 1993]

Mark McFarland, Myrvin Anthony, Lorraine Armstrong, Brian Ashcroft, Paul Draper, Stewart Dunlop, Sarah Le Tissier, Cliff Lockyer, Eleanor Malloy, Peter McGregor, Iain McNicoll, Eric McRory, Clare Reid, R Smith, Jim Stevens, Kim Swales, Ya Ping Yin, Mark McFarland (Editor), Fraser of Allander Institute

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Little has changed on the International horizon since the last edition of the Quarterly economic Commentary. Activity in the major seven countries is at best very weak. Recovery has continued at a slow pace in the United States and in Europe the situation is still very uncertain. In the second quarter activity in France remained unchanged and in Western Germany the components of demand remained very weak indeed. In fact, in the second
quarter the worst performance came from the Japanese economy. Activity actually fell, even after considerable fiscal injections in the last 12-18 months.
Original languageEnglish
Pages (from-to)1-2
Number of pages2
JournalQuarterly Economic Commentary
Issue number2
Publication statusPublished - Dec 1993


  • Scottish economic trends
  • economic forecasts


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