Cover World Economic Outlook, October 1991
World Economic Outlook, October 1991
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Abstract

This paper highlights that the growth of world economic activity in 1991 is expected to fall to a scant 1 percent, the lowest in any year since 1982, when the industrial economies were in recession. The slowdown in the expansion of world trade would be considerably more pronounced. Output growth in the industrial countries as a group is expected to average 1¼ percent in 1991, reflecting a fall in economic activity in a number of countries. Cyclical divergences among the major countries persisted in the first half of 1991.

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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 1991
DOI:
https://doi.org/10.5089/9781451944532.081
ISBN:
9781451944532
ISSN:
0256-6877
Pages:
173
Keywords:
WEO; fuel exporter; external borrowing; a number of country; U.S. dollar; industrial country; Exports; Current account balance; Inflation; Trade balance; Eastern Europe; Middle East; Western Hemisphere; Sub-Saharan Africa; Africa; real GNP; rate of return; terms of trade; excess demand; natural rate of unemployment; GDP deflator; federal funds rate; government saving; federal deficit; debt ratio; Debt burden; Debt reduction; Asia and Pacific
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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