After the marked deceleration in the first half of the year US growth shows signs of picking up in the latter part of 1985. However, the impetus to world trade and global expansion derived from the rapid period of US growth in late 1983 and early 1984 has now largely waned. Although European countries and Japan are set to continue their recent expansion, it is unlikely that their growth will offset the impact on the world economy of a slower rate of US growth.
|Number of pages||4|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - 1 Nov 1985|
- Fraser of Allander
- world economic activity
- world economic performance