Current Trends and Policies in the World Economy
According to World Economic Survey 1987, the modest expansion that characterized the world economy during most of the first half of the 1980s persisted in 1986. Inflation has decelerated considerably and industrial countries are entering their fifth year of expansion, though at a slow pace. Indeed, the world economy appears to be set in a slow growth path, which is likely to delay the great adjustments required at the national and international levels.