Chapter II. The World Economy

Anonymous

National Institute Economic Review, 1971, vol. 58, 16-33

Abstract: Economic growth in the industrial countries fell short of our expectations during the summer, particularly in Japan and Italy and to a lesser extent in West Germany. Despite the resumption of growth in the United Kingdom and a firmly upward trend of production in North America, the aggregate output of the OECD countries increased only slowly and for the year as a whole the rise in their GNP may not reach 3½ per cent in real terms.

Date: 1971
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