The world economy [May 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, Jim Stevens, Brian Ashcroft (Editor), Jim Walker (Editor)

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Growth appears to be faltering in the world economy due to the deflationary effects of the appreciation of the Yen and D-Mark on the Japanese and West German economies. Continuing trade imbalances and exchange rate instability reflect the absence of effective action to reduce the large US budget deficit and secure a monetary and fiscal policy induced expansion in the surplus countries.
Original languageEnglish
Pages (from-to)4-7
Number of pages4
JournalQuarterly Economic Commentary
Issue number4
Publication statusPublished - 1 May 1987


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


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