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.
|Number of pages||4|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - 1 May 1987|
- Fraser of Allander
- world economic activity
- world economic condition