The World Overseas

Anonymous

National Institute Economic Review, 1965, vol. 33, 22-32

Abstract: During the last twelve months there was some slowing down in the growth of industrial production in the main industrial countries as compared with the previous twelve months, but this occurred for the most part during the second half of 1964, with France and Italy registering actual falls in production, and output in the United States being adversely affected by the motor car strike in October. The first half of 1965 has seen a sharp acceleration of the rate of expansion overall, but this has by no means been the universal experience. French production has ceased to fall but remains stagnant and output in Italy is showing only a modest rise. One of the main factors in the high rate of expansion this year has been the exceptional rise in the United States, partly due to abnormal stockbuilding of motor cars and steel. Growth in Germany has been somewhat slower during 1965 as it has also in this country, and production in Japan, which increased by over 30 per cent during the last two years, has been completely stagnant this year (table 12).

Date: 1965
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