Medium Term Projections For The World Economy

The strong recovery of the world economy since 1985 is likely to continue into the early nineties. Assumig some weakening in the dollar exchange rate, relatively low dollar interest rates, and moderate world inflation, world trade volumes are projected to expand by 6½ percent p. a. until 1994. The WIFO forecast for GDP growth in the industrialized countries is 3 percent p. a.