The world economy [September 1988]

Brian Ashcroft; Jim Love; Harminder Battu; Stephen Boyle; Paul Draper; Stewart Dunlop; Janet Grehan; Frank Harrigan; John Heeley; Cliff Lockyer; Claire Monaghan; Peter McGregor; Iain McNicoll; Roger Perman; Jim Stevens; Brian Ashcroft; Jim Love

The world economy [September 1988]

Brian Ashcroft, Jim Love, Harminder Battu, Stephen Boyle, Paul Draper, Stewart Dunlop, Janet Grehan, Frank Harrigan, John Heeley, Cliff Lockyer, Claire Monaghan, Peter McGregor, Iain McNicoll, Roger Perman, Jim Stevens, Brian Ashcroft (Editor), Jim Love (Editor)

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Abstract

The performance of the main economies has been surprisingly buoyant in recent months. It appears likely that the growth of the world economy in 1988 will be nearer 4% than the 3% originally predicted. The balance of demand is shifting in favour of investment. The growth of investment is sufficiently strong generally to be described as a "boom". There has been some further improvement in international trade imbalances since we last reported. But the improvement is being frustrated by the recent appreciation of the dollar, the depreciation of the D-Mark, and the stronger rate of growth of the US economy.

Original language	English
Pages (from-to)	1-5
Number of pages	5
Journal	Quarterly Economic Commentary
Volume	14
Issue number	1
Publication status	Published - 1 Sept 1988

Keywords

Fraser of Allander Institute
world economic outlook
world economy

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AU - Battu, Harminder

AU - Boyle, Stephen

AU - Draper, Paul

AU - Dunlop, Stewart

AU - Grehan, Janet

AU - Harrigan, Frank

AU - Heeley, John

AU - Lockyer, Cliff

AU - Monaghan, Claire

AU - McGregor, Peter

AU - McNicoll, Iain

AU - Perman, Roger

AU - Stevens, Jim

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A2 - Love, Jim

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N2 - The performance of the main economies has been surprisingly buoyant in recent months. It appears likely that the growth of the world economy in 1988 will be nearer 4% than the 3% originally predicted. The balance of demand is shifting in favour of investment. The growth of investment is sufficiently strong generally to be described as a "boom". There has been some further improvement in international trade imbalances since we last reported. But the improvement is being frustrated by the recent appreciation of the dollar, the depreciation of the D-Mark, and the stronger rate of growth of the US economy.

AB - The performance of the main economies has been surprisingly buoyant in recent months. It appears likely that the growth of the world economy in 1988 will be nearer 4% than the 3% originally predicted. The balance of demand is shifting in favour of investment. The growth of investment is sufficiently strong generally to be described as a "boom". There has been some further improvement in international trade imbalances since we last reported. But the improvement is being frustrated by the recent appreciation of the dollar, the depreciation of the D-Mark, and the stronger rate of growth of the US economy.

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KW - world economy

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

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JO - Fraser of Allander Economic Commentary

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ER -

The world economy [September 1988]

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