Chapter III. The World Overseas

Anonymous

National Institute Economic Review, 1963, vol. 23, 33-42

Abstract: The outlook for world industrial production—and consequently in the long run for world trade-is, if anything, a little more cheerful than it was in November. The prospect is still that the rise in both will be slower than in recent years; but the risk that there might be no rise at all is much smaller than it was. First, the fears of any appreciable dip in the United States economy this year have largely evaporated. Then, for the second year running, industrial production in EEC countries, after apparently flattening off in the middle of the year, rose in the fourth quarter; this adds some confirmation to the forecast of a reasonable rise in EEC output next year.

Date: 1963
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