Chapter II. The World Economy

Anonymous

National Institute Economic Review, 1983, vol. 103, 30-49

Abstract: Expected twelve months ago to be a year of slow but continuing recovery, 1982 proved in the event to be one of stagnation, at a level of output, for the OECD countries, slightly lower than that of 1981. Hopes for rather better things had been based in part on stock movements and in part on some minor policy relaxations. In fact, however, the self-perpetuating influences of slow growth in the preceding years proved to be stronger than the self-reversing ones.

Date: 1983
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