1945

The developed market economies

image of The developed market economies

The recovery of economic activity in the developed market economies from the worst recession since the Great Depression experienced a serious setback during 1977. Growth rates of aggregate output and industrial production declined steadily during the year. The slowdown in economic growth follows generally unsatisfactory rates of economic expansion since 1975, especially when the depth of the recent recession is taken into account. Among the major industrial countries, only the United States of America and Japan were able to maintain relatively strong rates of expansion and even these countries experienced declining growth rates as the year wore on.

Related Subject(s): Economic and Social Development
/content/books/9789210452236c005
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5
Chapter
content/books/9789210452236
Book
false
Loading
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error
aHR0cHM6Ly93d3cudW4taWxpYnJhcnkub3JnLw==