The upswing in Europe, North America and Japan since mid-1975 has been unsteady. It has been sufficiently modest to allow a — however slight — decline of inflation rates. Since economic policy refrained from massive reflation, the shortrun outlook remains for a moderate recovery with no...

The upswing in Europe, North America and Japan since mid-1975 has been unsteady. It has been sufficiently modest to allow a — however slight — decline of inflation rates. Since economic policy refrained from massive reflation, the shortrun outlook remains for a moderate recovery with no...

In Germany since early 1981 a consensus has emerged predicting that an economic recovery is due for the second half of the year. This forecast of an upturn was put-forth for 1981 and for 1982. Despite these consensus, the forecasts proved to be wrong. Nonetheless in autumn 1982 the consensus...

In Germany since early 1981 a consensus has emerged predicting that an economic recovery is due for the second half of the year. This forecast of an upturn was put-forth for 1981 and for 1982. Despite these consensus, the forecasts proved to be wrong. Nonetheless in autumn 1982 the consensus...