Convergence of growth, inflation and unemployment in the north
- Author: United Nations Conference on Trade and Development
- Main Title: Trade and Development Report 1995 , pp 61-72
- Publication Date: December 1995
- DOI: https://doi.org/10.18356/839bc009-en
- Language: English
An important characteristic of the economic cycles among the major industrial countries in the early 1990s was their lack of synchronization. Japan continued to expand relatively rapidly throughout 1990-1991, and the spillover of demand from German unification supported growth in continental Europe, but growth in the United Kingdom and the United States decelerated and both countries eventually entered recession. Subsequently, both Japan and Germany experienced a sharp slowdown, while the United States and the United Kingdom embarked on a vigorous recovery.
© United Nations
ISBN (PDF):
9789210602983
Book DOI:
https://doi.org/10.18356/47fc35e5-en
Related Subject(s):
International Trade and Finance
Sustainable Development Goals:
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