World Economic Survey 1980-1981

World Economic Survey 1980-1981 discusses the deterioration in the performance of the world economy in 1980, which was accompanied by a marked slowdown in the expansion of world trade, worsened imbalances in current accounts and an acceleration in the pace of inflation. Although some recovery in growth rates is anticipated beginning in late 1981, the pace is not expected to be vigorous. The poorer medium-term trend that has been in evidence since the mid-1970s is thus likely to continue.