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The Economic Situation: Annual Review : Chapter V. The World Economy

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  • Anonymous

Abstract

Contrary to general expectations at the beginning of the year, real economic growth in the industrial countries in 1969 was not far below the recent average. Last February we predicted that the rise in their combined national outputs would be 4-4½ per cent. It now looks as though it may have been slightly above the upper limit of this range, owing in effect to the unforeseen rapidity of growth in France and, more especially, West Germany, where the increase appears to have been about 8½ per cent, compared with the official German forecast of 4½ per cent and our own figure of 5½ per cent.

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  • Anonymous, 1970. "The Economic Situation: Annual Review : Chapter V. The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 51, pages 59-84, February.
    • Handle: RePEc:cup:nierev:v:51:y:1970:i::p:59-84_6
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