The world economy [February 1987]

Brian Ashcroft, Jim Walker, Stephen Boyle, Paul Draper, Frank Harrigan, John Heeley, Iain Jenkins, Cliff Lockyer, Jim H Love, Peter McGregor, Iain McNicolI, Roger Perman, David Simpson, Brian Ashcroft (Editor), Jim Walker (Editor)

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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.
Original languageEnglish
Pages (from-to)4-9
Number of pages6
JournalQuarterly Economic Commentary
Issue number3
Publication statusPublished - 1 Feb 1987


  • Fraser of Allander
  • world economic activity
  • world economic condition


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