Abstract
The early part of 1990 saw continued slowing of economic growth in the major industrialised countries. GDP growth in the top seven industrialised nations (the G7) was just 0.5% in the first quarter, the same as the final quarter of 1989. For the year to March G7 GDP growth slowed to 2.4% compared with 3.3% for calendar year 1989. The most rapid slowdown occurred in the US where 3.0% growth in 1989 fell to 2.1% in the year to March. Overall G7 growth would have been considerably lower had it not been for increases in the growth rates of West Germany (4.3%) and Japan (5.5%). Growth rates for the remaining G7 countries (excluding Italy) were as
follows: Canada 2.2%; France 2.5%; UK 1.8%. Global macroeconomic trends are examined as well as labour market conditions.
follows: Canada 2.2%; France 2.5%; UK 1.8%. Global macroeconomic trends are examined as well as labour market conditions.
Original language | English |
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Pages (from-to) | 4-7 |
Number of pages | 4 |
Journal | Quarterly Economic Commentary |
Volume | 16 |
Issue number | 1 |
Publication status | Published - Sept 1990 |
Keywords
- economic forecasts
- global economic trends
- macroeconomic policy