International Economic Outlook
Article Abstract:
The effects of the worldwide recession are still evident among the traditional economic powers. Countries like the US and Canada will eventually attain approximately 2% real growth by the end of 1992 despite initial economicweakening. Most European nations continue to experience declines, some without signs of recovery. Only Portugal is expected to grow beyond 3% due to wage-induced increases in consumer demand. Nations along the Pacific rim are forecast to experience more than 5% growth rates each.
Publication Name: Journal of Business Forecasting
Subject: Business, general
ISSN: 0278-6087
Year: 1992
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International economic outlook
Article Abstract:
Economic recovery in the global market will be modest in the end semester of 1992. A higher growth level is projected, though, for 1993. In quantitative terms, total output will reach 2% in the second half of 1992 and accelerate to 3.5% in 1993. Recovery from the recession is not predicted to take place at the same time. The US, UK, Canada and Australia will be the first to show modest signs of recovery in 1992, though they led the world into the recession and were relatively severely affected.
Publication Name: Journal of Business Forecasting
Subject: Business, general
ISSN: 0278-6087
Year: 1992
User Contributions:
Comment about this article or add new information about this topic: