After a three-year slowdown in the world economy, unemployment in the industrial countries is again almost as high as at the end of the recession in the early eighties. Any improvement will be dependent on a distinct resurgence of economic activity. With the recovery in the USA gaining greater...

The world economy gained distinct momentum last year. Following North America, the forces for growth have now prevailed in Western Europe and the Japanese economy has also picked up. Real gross domestic product in the industrial countries rose faster than expected at 3%. Will this upward trend...