This report presents revised projections resulting from a country-by-country updating of the estimates published in the April 1985 World Economic Outlook. The projections are based on the usual technical assumptions of (1) unchanged nominal exchange rates among industrial countries; (2)...

This paper highlights that the performance of the world economy in 1984 turned out to be considerably better than had been expected at the beginning of the year. Output grew robustly in the industrial countries, especially in the United States and Japan; inflation continued to decline; and...

This paper highlights that the second part of 1992 has been characterized by flagging consumer and business confidence, weaker-than-expected economic activity—especially in Europe and Japan—and considerable tensions in foreign exchange markets. Despite encouraging signs of increased growth...

This paper highlights that economic developments in the first half of 1986 were disappointing in a number of respects. Despite the stimulus from lower interest rates and lower oil prices, the pace of activity in the industrial countries slowed. This contributed to continuing sluggishness in the...

The paper describes developments in the world economy during 1987–88, and discusses considerations underlying the IMF staff’s short-term projections. The paper highlights that although the world economy is continuing to expand at a moderate pace, the persistence of large fiscal and external...