The world economy [March 1990]

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 [March 1990]

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 economies of the major industrialised countries have proved quite resilient to the steady tightening of monetary conditions which occurred during 1988 and 1989. Growth in the OECD countries is now expected to be just below 3% for 1990, with Japan and West Germany being the main growth economies. There is some concern about underlying inflationary pressure, however. Although OECD inflation is expected to remain relatively steady at around 4.5% during 1990, large wage settlements could undermine this projection. The prospect of widening trade surpluses in West Germany and Japan, coupled with the recent weakness of the Yen is an area of some concern, especially if there is any hint that disruption in the financial markets could spread beyond Japan.

Original language	English
Pages (from-to)	3-5
Number of pages	3
Journal	Quarterly Economic Commentary
Volume	15
Issue number	3
Publication status	Published - Mar 1990

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

SDG 15 Life on Land

Keywords

global economic forecasts
world economic trends
global gross domestic product (GDP)
labour market conditions
industrial output
macroeconomic trends

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title = "The world economy [March 1990]",

abstract = "The economies of the major industrialised countries have proved quite resilient to the steady tightening of monetary conditions which occurred during 1988 and 1989. Growth in the OECD countries is now expected to be just below 3\% for 1990, with Japan and West Germany being the main growth economies. There is some concern about underlying inflationary pressure, however. Although OECD inflation is expected to remain relatively steady at around 4.5\% during 1990, large wage settlements could undermine this projection. The prospect of widening trade surpluses in West Germany and Japan, coupled with the recent weakness of the Yen is an area of some concern, especially if there is any hint that disruption in the financial markets could spread beyond Japan.",

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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 - 1990/3

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N2 - The economies of the major industrialised countries have proved quite resilient to the steady tightening of monetary conditions which occurred during 1988 and 1989. Growth in the OECD countries is now expected to be just below 3% for 1990, with Japan and West Germany being the main growth economies. There is some concern about underlying inflationary pressure, however. Although OECD inflation is expected to remain relatively steady at around 4.5% during 1990, large wage settlements could undermine this projection. The prospect of widening trade surpluses in West Germany and Japan, coupled with the recent weakness of the Yen is an area of some concern, especially if there is any hint that disruption in the financial markets could spread beyond Japan.

AB - The economies of the major industrialised countries have proved quite resilient to the steady tightening of monetary conditions which occurred during 1988 and 1989. Growth in the OECD countries is now expected to be just below 3% for 1990, with Japan and West Germany being the main growth economies. There is some concern about underlying inflationary pressure, however. Although OECD inflation is expected to remain relatively steady at around 4.5% during 1990, large wage settlements could undermine this projection. The prospect of widening trade surpluses in West Germany and Japan, coupled with the recent weakness of the Yen is an area of some concern, especially if there is any hint that disruption in the financial markets could spread beyond Japan.

KW - global economic forecasts

KW - world economic trends

KW - global gross domestic product (GDP)

KW - labour market conditions

KW - industrial output

KW - macroeconomic trends

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

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

M3 - Article

SN - 0306-7866

VL - 15

SP - 3

EP - 5

JO - Quarterly Economic Commentary

JF - Quarterly Economic Commentary

IS - 3

ER -

The world economy [March 1990]

Abstract

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Keywords

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