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Economic and Social Survey of Asia and the Pacific 1984

image of Economic and Social Survey of Asia and the Pacific 1984

This latest edition of the Survey analyzes current economic and social developments in the region against the background of events in the world economy. It also focuses on the serios problems of growth and transformation of the area's least developed and Pacific Island developing economies.

English

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Recovery and persistent problems in the world economy

The economic recovery that had already taken firm hold in the United States of America by the end of 1983 gained further momentum in 1984 and spread its effects, if unevenly, over the rest of the world. Growth in the gross national product (GNP) of the United States, Canada, Japan and the United Kingdom of Great Britain and Northern Ireland, exceeded 3 per cent in 1983. Nevertheless, the pace of recovery among other developed countries was generally much slower, especially in comparison with the upswing following the previous recession. Disparities in growth rates between the United States and the rest of the developed world seemed to have widened further in 1984, despite a considerable slowing down of the United States economy in the second half of 1984.

English

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