Abstract
Background factors for the world economic environment have rarely looked so favourable as they do now. Energy prices are now following the laws of supply and demand, which are more understandable than the somewhat arbitrary decisions of OPEC. The US dollar has depreciated from its unusually high value in early 1985. Interest rates have been falling in many countries and inflation has been brought under control in most, if not all, parts of the world. None of these momentous economic events is an unqualified positive factor in the outlook, but in every case the good outweighs the bad side in its effect on world averages.
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© 1988 Wiener Institut für Internationale Wirtschaftsvergleiche (WIIW) (The Vienna Institute for Comparative Economic Studies)
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Klein, L.R., Bond, D.L. (1988). The Medium-Term Outlook for the World Economy and the Implications for East-West Economic Relations. In: Saunders, C.T. (eds) Macroeconomic Management and the Enterprise in East and West. The Vienna Institute for Comparative Economic Studies. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08375-6_3
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DOI: https://doi.org/10.1007/978-1-349-08375-6_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-08377-0
Online ISBN: 978-1-349-08375-6
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