Hostname: page-component-848d4c4894-nmvwc Total loading time: 0 Render date: 2024-06-29T06:20:16.363Z Has data issue: false hasContentIssue false

Chapter II. The World Economy

I. The Current Situation and Short-Term Outlook

Published online by Cambridge University Press:  26 March 2020

Extract

The recovery in the OECD area gathered pace in the second quarter, when its total GDP probably increased by as much as 1 per cent. The rise was, however, heavily concentrated in North America and particularly the US. There may well have been a slight fall in Western Europe, where the level of industrial production hardly changed and increases in gross product in West Germany and, to a minor extent, in France were outweighed by falls in Italy and (according to the expenditure measure) the UK.

Type
Articles
Copyright
Copyright © 1983 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)