Chapter II. The World Economy

Anonymous

National Institute Economic Review, 1973, vol. 64, 28-43

Abstract: Later information confirms our February estimate that real economic growth in the OECD area last year was around 5 3/4 per cent. Our figure for 1973 has, however, been raised further and now stands at 7 per cent. Consumer demand should again be very strong and though housing investment is likely to increase more slowly, and even to flatten out in the United States, business investment in Western Europe has become much more buoyant in the last six months or so. Some slowing down still seems probable in 1974.

Date: 1973
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