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World Economic Survey 1985

Current Trends and Policies in the World Economy

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The crucial role of international trade in reinforcing global demand was evident in 1984, as the growth of world output gradually regained the pace of the late 1970s. Yet the geographical spread of the recovery remained limited, and economic growth in half of the developing countries was still so low that income per capita either continued to fall or stagnated. This uneven recovery, its sources and the policies conditioning its transmission, as well as its short-term prospects, are the focus of the World Economic Survey 1985.

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Macro-economic policy stances and the short-term outlook

English

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