1887

World Economic Survey 1987

Current Trends and Policies in the World Economy

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The modest expansion that characterizes the world economy during most of the first half of the 1980s persisted in 1986. Inflation has decelerated considerably and industrial countries are entering their fifth year of expansion, though at a slow pace. The world economy appears to be set in a slow growth path, which is likely to delay the great adjustments required at the national and international levels. The continuation in 1986 and early 1987 of the trade imbalances of the larger industrial economies has added to the strains on the world financial and trade systems.

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Preface

The World Economic Survey 1987is the fortieth in a continuing annual series, the first of which was published in 1947. At that time, it was among the first attempts to provide a comprehensive view of the global economic situation. The United Nations was thus a pioneer in this field. The Secretary-General was requested to provide “factual surveys and analyses of world economic conditions and trends” (General Assembly resolution 118(11)) to assist the Economic and Social Council and the Assembly in carrying out their responsibilities under the Charter of the United Nations to promote international co-operation in solving international problems of an economic character.

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