Abstract
1979 saw a pronounced cyclical downturn with mounting, inflation and balance of payments problems bear upon the western industrialized countries with the long-expected recession materializing in the USA early in 1980. In Western Europe demand and production began to slide a little later. Increasing signs of a nascent downtrend were also to be seen in Japan. What are the prospects for the current year?
Keywords
Interest Rate Private Consumption Economic Trend Current Account Deficit Inflation Expectation
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Copyright information
© HWWA and Springer-Verlag 1981