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Chapter II. The World Economy

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  • Barrell, R.J.
  • Eastwood, Fiona

Abstract

Output figures for the second half of 1987 suggest that the world economy has been growing more rapidly than we were anticipating in November. We now expect that output growth in the major seven reached almost 3 per cent last year. This strength has been concentrated largely in the US and Japan, with growth in continental Europe only slightly above our previous forecast levels.

Suggested Citation

  • Barrell, R.J. & Eastwood, Fiona, 1988. "Chapter II. The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 123, pages 20-33, February.
    • Handle: RePEc:cup:nierev:v:123:y:1988:i::p:20-33_3
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