World Economic and Social Survey 1993

Current Trends and Policies in the World Economy

World Economic Survey 1993 highlights the persistent weakness in the developed market economies and a further steep fall in output and living standards in the economies in transition as the dominant features of the world economy in 1992. Despite strong growth in a number of developing countries, accounting for half of the world's population, there was negligible growth in the world economy overall. In 1993, for the third year in a row, the growth of world output will fall below world population growth.

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