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WORLD OUTLOOK
Author(s) -
Dicks Geoffrey
Publication year - 1980
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/j.1468-0319.1980.tb00562.x
Subject(s) - quarter (canadian coin) , recession , economics , economic recovery , global recession , great recession , macroeconomics , geography , keynesian economics , archaeology
In the second quarter of 1980 recession spread from the United States to other OECD countries. We estimate that this process continued in the third quarter and forecast that it has a further six months to run. The latest US indicators suggest that some recovery may have taken place in the third quarter. We do not believe at this stage that any such recovery is currently sustainable. Our forecast of the world economy implies continuing US recession and some further drop in output in Europe and Japan.