World Economic Outlook, October 1989

Download or read book World Economic Outlook, October 1989 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1989-01-01 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights that after two years of rapid growth in 1987 and 1988, there are now signs that the economic expansion in industrial countries is moderating to more sustainable rates. Inflation pressures have built up over 1988, reflecting high levels of resource utilization as well as certain temporary factors, but monetary conditions have been tightened substantially. Although the risk of a dangerous acceleration of inflation still exists, it appears to have diminished somewhat. Growth has also been strong in many developing countries, particularly exporters of manufactures.