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Chapter II. The World Economy

General Trends in OECD Countries

Published online by Cambridge University Press:  26 March 2020

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Extract

The increase in GDP in the OECD area last year is now put at 4 1/2 per cent. A relatively high rate of growth seems to have been maintained up to the end of the year.

Type
Articles
Information
National Institute Economic Review , Volume 112 , May 1985 , pp. 19 - 30
Copyright
Copyright © 1985 National Institute of Economic and Social Research

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References

(1) This is on the basis of 1980 prices and exchange rates. On the 1975 base previously in use the rise would come out rather higher (around 4¾ per cent), mainly because a substantially bigger weight would be given to the increase of 6¾ per cent in US output.

(1) National Institute Economic Review, no. 111, February 1985, pp. 31-2.

(1) S.A.B. Page, ‘The choice of invoicing currency in merchandise trade’, National Institute Economic Review, no. 98, November 1981.

(1) Our own estimates in table 8 differ only to a minor extent.

(1) European Economy. Supplement A—no. 3—March 1985.