Cover World Economic Outlook, October 1988
World Economic Outlook, October 1988
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Abstract

This paper highlights that the performance of the world economy in the first half of 1988 has been considerably more satisfactory than was expected in the wake of the sharp stock market decline in October 1987. Output in industrial countries has grown strongly, world trade has been robust, and inflation appears to have remained under control. Moreover, the shifts in real trade flows induced by earlier exchange rate movements are at last beginning to have a visible effect on the payments imbalances of the three largest countries.

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Author:
International Monetary Fund. Research Dept.
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Series:
World Economic Outlook
Publisher:
International Monetary Fund
Language:
English
Publication Date:
01 Jan 1988
DOI:
https://doi.org/10.5089/9781451944372.081
ISBN:
9781451944372
ISSN:
0256-6877
Pages:
146
Keywords:
WEO; fuel exporter; economic policy interaction; coordination of economic policy; debt-export ratio; exchange market development; restructuring arrangement; exports of goods; Exports; Imports; Trade balance; Inflation; Current account balance; Western Hemisphere; Africa; Middle East; Sub-Saharan Africa; Europe; rate of inflation; Debt service; Terms of trade; Global; Asia and Pacific; Eastern Europe
Legal-disclaimer:
The views expressed in this publication are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Directors or their national authorities.
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