1945

The world economy remains listless. World output has been growing well below potential since 1990. Stagnation characterizes the developed market economies and decline continues to be a feature of the economies in transition. On the other hand, the developing countries as a group are growing at a pace not seen since the 1970s. Developing economies in Asia, including the most populous countries, and in the Southern cone of Latin America are expanding rapidly.

Related Subject(s): Economic and Social Development
/content/books/9789210601191s001-c010
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