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Chapter II. The World Economy

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  • Anonymous

Abstract

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.

Suggested Citation

  • Anonymous, 1983. "Chapter II. The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 106, pages 26-38, November.
    • Handle: RePEc:cup:nierev:v:106:y:1983:i::p:26-38_3
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