The world economy [March 1992]

Jim Love, Brian Ashcroft, Richard Brooks, Paul Draper, Stewart Dunlop, Kevin Leif, Cliff Lockyer, Eleanor Malloy, Mark McFarland, Peter McGregor, Iain McNicoll, Eric McRory, Roger Perman, Jim Stevens, Kim Swales, Ya Ping Yin, Jim Love (Editor), Fraser of Allander Institute

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This brief article provides an analysis of key world economic trends based on recent data. GDP growth in the major industrialised countries showed
a slight further decline in the third quarter of 1991. Comparing the third quarter with the corresponding period in the previous year, average growth in the G7
countries was 0.5%. This compares with 1.1% for the year to the first quarter of 1991 and 2.3% for the calendar year 1990. As with the previous quarter,
German GDP showed a sharp fall, falling below 2% for the year to September. Individual country growth rates were as follows (Q3 1991 on Q3 1990): Canada -0.8%; US -0.9%; Japan 4.2%; France 1.4%; Germany 1.9%; Italy 0.9%; UK -2.2%.
Industrial production did, however, show some recovery in the second half of the year.
Original languageEnglish
Pages (from-to)3-5
Number of pages3
JournalQuarterly Economic Commentary
Issue number3
Publication statusPublished - Mar 1992


  • global economic trends
  • economic forecasts
  • economic performance
  • macroeconomic trends


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