TY - JOUR
T1 - The world economy [June 1991]
AU - Love, Jim
AU - Ashcroft, Brian
AU - Brooks, Richard
AU - Dourmashkin, Neil
AU - Draper, Paul
AU - Dunlop, Stewart
AU - Lockyer, Cliff
AU - Malloy, Eleanor
AU - Monaghan, Claire
AU - McGregor, Peter
AU - McNicoll, Iain
AU - McRory, Eric
AU - Perman, Roger
AU - Swales, Kim
AU - Fraser of Allander Institute
PY - 1991
Y1 - 1991
N2 - This brief article provides an analysis of key world economic trends based on recent data. In the calendar year 1990, GDP growth in the G7 countries was 2.3%, compared with 2.8% in the year to June 1990. As has been the pattern for over a year, growth was sluggish in all the main industrialised countries with the exception of West Germany and Japan. The English-speaking countries have been particularly slow in terms of economic growth, with the United States, Canada and UK all exhibiting annual growth of no more than 1%. Individual country growth rates are as follows: Canada 0.9%; US 1.0%; Japan 5.6%; France 2.8%; Germany 4.6%; Italy 1.8%; UK 0.8%. The rapid slowing of many economies is most evident in terms of industrial production. In the final quarter of 1990 there was a marked slump in OECD industrial production, which achieved just 0.3% growth for the year, compared with 2.6% during the year to September.
AB - This brief article provides an analysis of key world economic trends based on recent data. In the calendar year 1990, GDP growth in the G7 countries was 2.3%, compared with 2.8% in the year to June 1990. As has been the pattern for over a year, growth was sluggish in all the main industrialised countries with the exception of West Germany and Japan. The English-speaking countries have been particularly slow in terms of economic growth, with the United States, Canada and UK all exhibiting annual growth of no more than 1%. Individual country growth rates are as follows: Canada 0.9%; US 1.0%; Japan 5.6%; France 2.8%; Germany 4.6%; Italy 1.8%; UK 0.8%. The rapid slowing of many economies is most evident in terms of industrial production. In the final quarter of 1990 there was a marked slump in OECD industrial production, which achieved just 0.3% growth for the year, compared with 2.6% during the year to September.
KW - economic trends
KW - global economics
KW - world economic performance
UR - http://www.strath.ac.uk/frasercommentary/
UR - http://www.strath.ac.uk/fraser/
M3 - Article
SN - 0306-7866
VL - 16
SP - 3
EP - 5
JO - Quarterly Economic Commentary
JF - Quarterly Economic Commentary
IS - 4
ER -