Further marginal improvements in output growth, unemployment and the rate of inflation have been recorded as the benefits of lower oil prices and reduced inflationary expectations worked their way through the world economy. However, the continuing current account imbalances between the US, Japan and West Germany, and the failure of the principals to reach an agreement on the best way of dealing with them, constitute the main threat to trade stability and future economic growth.
|Number of pages||6|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - 1 Feb 1987|
- Fraser of Allander
- world economic activity
- world economic condition