In the course of last year, the economic climate cooled down world-wide; it was placed under additional strain in late summer by the Gulf crisis. In some industrialized countries, especially the USA, recessive trends have recently gained prevalence. Do indications for 1991 therefore point to a...

The world economy gained distinct momentum last year. Following North America, the forces for growth have now prevailed in Western Europe and the Japanese economy has also picked up. Real gross domestic product in the industrial countries rose faster than expected at 3%. Will this upward trend...

The pace of economic expansion in the world economy as a whole last year was strongly influenced by the cyclical slowdown in the USA. The increase in the real GNP of the industrialised countries, for example, fell from almost 5% in 1984 to just under 3% in 1985. Does this mean that the phase of...